This comes up a lot - based on my experience, I'd stick with a light mineral oil. HD usually has the can right next to the stone, both made by Norton. If anything worked better, Norton would put it in a can and sell it. Regular pharmacy mineral oil works great too - is only a few centistokes higher viscosity and does a great job suspending most of the junk off the stone's surface.
Other stuff can be used, especially on different stone compositions, but silicon carbide breaks down faster and cleaner when used with oil. The abrasives stay in better shape and continue to cleanly remove steel with less pressure. This and the added tiny bits of abrasive moving around on the stone surface help a lot with reducing burr formation in the first place. Another good reason to use oil is that water-based fluids will swell the skin on the finger pads, potentially reducing their ability to feel out the burr or three finger sticky test.
I have used my SiC stones and other vitreous stones with soapy water, plain water, oil, alcohol and water etc. Have consistently gotten the best results from using with oil, and in the long run is no messier than any other fluid one can use. They can be used dry, and SiC tends to tolerate this a lot better than most AlumOx stones, but is best when done for light work only. Feel free to experiment, it won't harm the stone. If going from oil back to water-based you just need to add a few drops of soap or other surfactant and it'll flow over the surface just fine.
The larger SIC stones sold at ACE would be my choice for a reprofiling stone over the Econo stone, the coarse side has visibly larger abrasive grains and cuts very quickly - the fine side is not as fine as the Econo stone either, but is not a real issue if you're going to be working through a progression.
Here is a link to a recent video I did with the newer Mexican made Econo stone:
https://www.youtube.com/watch?v=DF2Y7Hha0MQ