In my industry Fish oil has been used extensively especially in hard to reach places.
Advantages: It remains clear so you can see whats going on underneath it.
I does protect the metal surfaces and prevent corrosion for a while.
Disadvantages: It stinks.
You have to monitor it.(which is fine if you make it part of your Planed Maintenance Schedule.)
It's sticky, so it retains dirt and grit.



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