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Mineral oil is fine, but a dry lube does not attract pocket lint and other dirt as much.I like it because it's a dry lube.
Mineral oil is an excellent idea if the blade will ever come in contact with food. Since all of mine do, it's all I ever use.
Would it be good to rub down ram's horn with? I want to protect it and bring back some of the shine on my cannitler.
I'm not a fan of oiling stag/antler handle materials, because it will discolor and soften them.
How can you tell about the discoloration? Just handling a knife through use will change the color of stag. And I've never experienced the softening that you are talking about.