Made me a mini awl for the MP Basic; I chipped the small flat driver while working on bikes to be scrapped, and opted for this instead. Has already proven functional on wood, PVC, and coconut.
Since I started doing slight mods to the MP Basic after chipping the mini driver, decided to add a saw. Not wanting to take apart any of my other tools, and having an unused Wave add-on saw blade, decided to modify it and reprofiled it with the Dremel following the SE blade's profile. It fits pretty well between the can opener and chassis (albeit it won't fit with an anticlumping washer) and, so far so good.
Either will work; so does plain mineral oil (personal preference as it is a food-safe lube), from the expensive Victorinox to the one found in most pharmacies/drug store/homegoods stores. I've heard also gun oil, 3-in-1, Frog Lube, and others.
Needed to clarify that the one I'd recommend from homegoods stores is the one used for conditioning wood cutting boards and/or utensils, and not the one for honing knives or such.
Don't sweat it SirVicaLot; from the label/SDS, most cutting board oils are in fact food-grade-human-safe mineral oil. For it's price, I prefer the medical/laxative-grade, as it performs the same but at a cheaper price. My pharmacy bought bottle has been going strong for five years lubing multiools and garden tools without failure, rust, or "funny tastes" (and appears to be enough still for another five!)