Hmmm, well i just figured both petroleum based....not nearly as messy as oil or grease....
seems to have worked...lot easier to rotate now and no more sounding like skinn’in a cat alive when you move it. My wife had a tea candle ( in the lil aluminum cup) so i melted one of them on stove eye and dunked the pivot end in it

 

Here is the extra i almost finished to address the busted out mounting holes....where the pencil line is a .530 (in) slots centered between the holes so it can be slide into place. Seems that the screw holes are not symmetrical....just looks that way

 

 

This weird crazy slippery stuff is a little pricy but a tiny bit goes a long way. It's not Teflon, more tenacious and effective. (I think it may be perflourinated polyether.) Sprays on clear dries instantly to a barely perceptible film thats whitish only if applied heavily. And it repels dirt rather than attracting it. Works great on everything EXCEPT no good for all copper and copper-bearing alloy, can cause corrosion, so keep away from electrical connections. Boat stores have it.

 

ok....i will have to try some if i can find it