Ive used chain wax for motorcycle chains, Stan, for much the same reason. It dries after it penetrates the links. Motorcycle chains are messy no matter what, but,the wax cuts down on the mess, considerably.

The nature of removing spent shells, and reloading new ones, either with or without ejectors, is always going to dump leftover crud from the shell into the area of the action flats. People refer to this crud, often enough, as unburnt powder,
which, it isnt-it is mostly carbonous remains of burnt powder, and carries all the same negative characteristics as carbon in an engine. Hard, abrasive, and unwanted in the works.

A gun is easier to clean then an engine, I guess. Cleaning is important, and better lubes will do a better job of holding contaminants in suspension, and allowing less wear than lower grade lubricants.

SA grade motor oils of 75 years ago, cant and dont hold a candle to modern oil. The comparison applies across the spectrum of lubricants.

Best,
Ted