Check out this thread:http://www.1911forum.com/forums/showthread.php?t=120932
I use it to shine stuff up sometimes,but FP-10 is a better lubricant IMO.
I find I have the best results cleaning the barrels with Hoppes 9,clean everything else with Breakfree CLP,and lube and polish(rust prevention) with FP-10.
I have a can of it for "junk-oil" applications (pre-treat barrels for JB paste, soak a gun/part for storage or shipping, etc...) but don't use it for final lubrication. It seems to evaporate quickly, especially on hot guns.
Our department buys it so it's what I use for the exterior of our parkerized patrol car Remington 870's. It does an pretty good job of preventing exterior rust, considering how abuse the 870's are. For the lubrication though, I use FP10.
I don't like it for internal lubrication. It seems so thin that it tends to leak out during carry leaving the gun somewhat dry. I have had great luck with Miltech and plain old synthetic SAE 30 motor oil.