I made some notes recently after doing some online research. I don't lubricate my own pellets, but I have seen absolute evidence of a lubricant on some tins of JSB pellets after putting them in a glass container for sorting. They say they don't lubricate, but I have seen reference to application of some chemicals in their processing.
In my work career, some electronic components required (due to Bellcore requirements) lubrication. We applied a polyphenyl ether compound (a high molecular weight synthetic material with a consistency like Karo syrup at room temperature). This was done using a method Bellcore called "plating", although this is a misnomer. The thick liquid was prepared as a 2% w/w solution in a fluorocarbon solvent. The connectors were dipped in the solution, and when the solvent evaporated, a thin coating of the lubricant remained on the surface.
This technique would work well on pellets, IMHO. The solvent I would recommend is naptha. Of course, the pellets would need to be allowed to "dry" fully before use.
I believe that any lubrication can have negative effect if not done consistently and with care. Excess lubricant can often cause issues, and would likely have adverse effect on pellets.
here are my notes on this:
pellet lubrication - commonly mentioned materials: pledge
silicone spray
silicone oil
Frog lube
Alchemy airwerks
Crosman Pellgun Oil
Napier Power Lube
10 cp silicone oil
“Super Lube” (Walmart) - a grease
Characteristics that I consider mandatory: high flash point - no detonating
no harm to seals
no physical buildup or residue
no reaction with brass, steel, aluminum
Characteristics that are desirable: good lubricity
dissolution in fast evaporating solvent
inhibit oxidation of lead
inhibition of rust for barrel
Stable viscosity
references: http://www.pyramydair.com/s/a/RWS_Air_Chamber_Lube_Dropper_Silicone_Oil_50_oz/3002 http://www.pyramydair.com/blog/2005/03/airgun-lubes-the-good-the-bad-and-the-ugly/ Alchemy Airwerks$8.23 with free shipping for 1/2 oz
http://www.ebay.com/itm/Airgun-Chamber-Lube-Pure-100-Silicone-Oil-2X-Crosman-Silicone-Chamber-Oil-/291551026977?hash=item43e1cb9f21 http://www.pyramydair.com/blog/2008/02/how-to-lubricate-pellets/ Tom Gaylord mentions a UK company who makes claims about power and accuracy. Napier?
“Whiscombe oil” 2 parts Hoppes gun oil, 1 part STP”
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https://www.shooters-choice.com/fp-10-lubricant-elite “semi -synthetic”Shooter’s Choice FP-10 4 oz for $6-9 “contains MT-10”
https://www.shooters-choice.com/pdf/FP-10%20MSDS.pdfhttp://www.pyramydair.com/blog/2008/02/how-to-lubricate-pellets/
http://www.pyramydair.com/blog/2008/02/how-to-lubricate-pellets/ Napier Power Pellet Lube
http://www.napierusa.com/acatalog/Power-Pellet-Lube-10ml--6050--43.html#SID=3http://www.straightshooters.com/napier-pellet-lube-spray.html Napier Power Lube reviews
https://www.amazon.co.uk/Napier-Pellet-Power-increase-accurancy/dp/B001FFIYS4 Krytech
http://www.finishlineusa.com/products/chain-lubricants/wax-lube Slick 50 OneLube
http://www.network54.com/Forum/79537/thread/1485937844/last-1485987559/Expand+Thread lead oxidation
http://www.atcglass.co.uk/pdf/TS-TH-05a.pdf “patina formation follows the route: lead, lead oxide, basic lead carbonate, normal lead sulphate, and normal lead sulphate”
http://nautarch.tamu.edu/CRL/conservationmanual/File14.htm corrosion can be removed with 10% HCl solutionalso 5% EDTAacetic, tannic, humid acids attack lead, do not store in oak cabinets or drawersair-tight packages best avoid oak, plywood
http://cool.conservation-us.org/byform/mailing-lists/cdl/2000/1454.html related (distantly) bicycle chain lube
http://www.velonews.com/2017/09/bikes-and-tech/the-who-what-why-of-chain-lubes_448772 Muscle Products Corp Firepower FP-10
http://musclelubricants.com/firepower-fp-10-military/ recommended by Marmot Militia has flash point of 282F, largely petroleum distillates based on SDS