I have been looking for something similar to restore an old leather double case.
Neat's-foot oil you have to watch, most modern types have petroleum additives.
If its pure it should be OK, but as stated it may soften too much.
A name which keeps coming up by those in the know is Pecards antique leather dressing.
It was also mentioned in the double gun classics emag.
We cannot get it here but I will shortly have a two pound tub winging its way over from the makers.
http://www.pecard.com/store.php?crn=207GDU