Daiwa Lubes for knives?

In my experience, grease is ALWAYS better than oil for knives, but I have never tried this Daiwa stuff... supposed to be pretty good. I have found that the main problem is finding something that allows the detent ball to glide freely/smoothly/silently over the blade when opening and closing it. Most of my knives the blade swings freely when there is no pressure from the detent ball, so I have found this to be a critical contact in determining smoothness.
 
It is my understanding from the fishing forums that Daiwa oil is just mineral oil in a nice applicator. I use Daiwa oil and grease on my fishing reels.
 
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