I think where you lube, and how much, makes a lot more difference than what you use. Over the last thirty years, I've used G.I. oil, Break Free, Gun Butter, and some other stuff I can't remember, and they all worked fine. I've changed mostly because I can.
For the last 10+ years I've used Wilson Combat Ultimalube oil and grease. I bought an instructional video about 1911s from Wilson, and at the end there was a lube torture test featuring Ultimalube against Slick 50, and some others, so I thought, "Wow, I'll try it!", even though I didn't really have any complaints with the oil I was using.