Mixed up a batch of Bob's Red (only with 2 parts ATF instead of 1), put it in a Sure Shot mister.
Took a couple days but it did dry to a suitably non-sticky surface. The main downsides for now are a) the lanolin I got was a 4 oz container for cosmetics (huh) so I am out already, and b) roughly 1/2 oz of the lanolin solidified on contact with the other ingredients. It was maybe 35 F outside and I was mixing on the concrete floor of the basement, so probably I just have to be more aware of the environment next time.
Also, this gave me an excuse to buy one of those rather pricey aluminum misters that SureShot makes, as I don't think my steel SureShots are going to be empty anytime soon. I found it *very* difficult to stop misting things. Fun little sprayer, that.