Hi, 12-34hom and guys,
If you are referring to G96 Gun Treatment, I really like it as a cleaner and penetrant, but it is too light for good lubrication.
I have not fired a 1911 nearly as much as the guys who say they have gone hundreds of thousands of rounds, but I do shoot a fair amount and all I have ever done is put good gun oil on the rails, and a few drops down in the mechanism. When I clean, I lube the recoil spring guide and the link, and put a drop or two in the mainspring housing. I have never had a problem.
Almost any gun needs some lubing, although the polymer guns need much less because they have less metal contact surface. But I don't think any gun needs to be baptized in oil to get religion, and some guns would simply not work.
BTW, that Mobil One idea sounds pretty good. It is good oil and doesn't gunk up.
Jim