The choice of what to use varies on the application and the machine. The 1340GT open gear train for some reason is fairly loud and the gears sing at speed no matter how you adjust the clearance. Myself and several other machine owner tried numerous lubricants and each came up with a different variant as to the solution. One hobbyist ended up spraying a rubberized material to the non meshing surfaces of the gears. An EP lubricant forms a sacrificial bonding interface on the metal surfaces, the lubrication provides a sliding interface. Greases are specificity designed for this purpose for slow speed gears, higher speeds use splash and beyond that pressurized oil feed. If you have open gears that are exposed to chips, then that is a separate issue. Oils on these types of open gears would need to be replenished frequently, a high tach oil or some form of dry bonding lubricant might work for a while. My dad did a lot work developing different lubricants for different industries, and different applications had different mix of properties. The Tri-flow spray is not really designed for gear pressure , but more of a penetrating lubricant with a dry lubricant. Chain type lubricants usually remain very tacky. Any lubrication is better than none, and the machine will probably outlast the user as long as some lubricant is used. I just like to point out that grease is the usual choice for open gears, but there are different lubricants that will also work.
http://khkgears.net/gear-knowledge/gear-technical-reference/lubrication-of-gears/
http://www.machinerylubrication.com/Read/910/open-gearing-lubrication
I tend to agree, any lube is better than none, If chips are a problem make a guard and keep them out of there.
The lathe I worked for much of my apprenticeship was at least 25 years old and well worn, The most important thing with open change gears is to have them properly adjusted, too much or too little clearance will cause rapid wear and create noise. This machine had a little drip oilier that was fitted to slowly drip onto the top most change gear and then work it way down to the bottom to drip off. It was set to use about 30ml of oil per day, just plain SAE 30. Not much, and the gears were always clean and in top shape.The cover collected all the oil that was flung off and it all drained down to end up floating on top of the soluble cutting oil. this along with other surplus oil from the ways etc was skimmed of once a week.
Also worn bushes or pins will cause the gear wheels to wobble also creating more problems. I still think a chain saw bar oil is as good as any for what we are trying to achieve here, and I'm sure most of us already have some in the shop.
I think that any type of dry lube or penetrating product is missing the point. Yes it's probably better than nothing, but only just. And don't forget to oil the gear bushes, plain machine oil here please.
It's almost inevitable that some oil will splash about, do yourself and your machine a favour, put the cover back on, if you don't have one get one, or make one. It will keep the chips out and collect all the splashed about oil which can then drain down into the chip tray, or even a little can to collect it.
having a little oil being splashed about will also help to flush out any stray chips that do get in there.
Yes it is about the best solution to a common problem.I use chainsaw bar oil. It sticks and quietens my noisy gears very well.