I'm surprised nobody's mentioned it yet...
Additives.
Older lathes with bronze/brass/copper components don't like 'em, a lot of the modern oils will leach out the copper, leaving severely degraded bearing surfaces.
Any lathe without a fine filter in its lubrication system doesn't want the modern detergent additives found in synthetic oils, they keep the crud in suspension passing around your gears and bearings instead of letting it settle in the bottom of a casing.
"sticky " additives will hold crud on bearing surfaces, even if you try to wipe it away.
I'll stick with straight mineral-based non-foaming hydraulic fluid, supplemented with commercial way oil where needed (my lathe pumps oil from the apron to the carriage ways, no need there, so just the tailstock...)
What or where is the source of this information?