The job of lubricating the ways on a lathe is not that special. A so called 'way oil' is probably no different than some of the oils commonly available for compressors or hydraulics. I would not go out of my way to buy 'way' specific oils. My attitude is to wipe the ways down often and oil frequently with a good machine oil.
Re the viscosity, for regular use on ways an ISO68 grade oil would be my call. It might not be a good idea to use heavy or sticky oils because the oil film between ways and carriage would be thicker. Heavy chain oil might provide too much of a cushion between ways and carriage. Bear in mind that bar and chain oils are formulated for minimal slinging and minimal consumption, which is not a problem on ways and is why it works on gears.
For long term storage however, heavier and stickier oils might be more suitable.
Re the viscosity, for regular use on ways an ISO68 grade oil would be my call. It might not be a good idea to use heavy or sticky oils because the oil film between ways and carriage would be thicker. Heavy chain oil might provide too much of a cushion between ways and carriage. Bear in mind that bar and chain oils are formulated for minimal slinging and minimal consumption, which is not a problem on ways and is why it works on gears.
For long term storage however, heavier and stickier oils might be more suitable.
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