If you don't use your folders for food prep, your call whether it's worth the extra trouble, but you could certainly find better modern synthetic lubes to drop into the pivot. Everybody has their favorite, from their favorite gun oil, or whatever. I honestly don't think with a folder pivot that it makes that big a difference and mineral oil works just fine. Some people even question if you need to lube the pivot at all, but I still do, rarely.
If you want to use a dry lube in the pivot to minimize attracting gunk, check out these 2 on the Big River site, Super Lube Dri-Film, and also WD40 Specialist Water Resistant Silicon lube. If I had any folders that didn't have to be food safe, I use these for other things around the house anyway, and I'd use one of these for the pivot.