Your money, your choice. Ballistol was used on wounds in WW I for crying out loud, so if Frog Lube on your hands turns you on, have at it. Best corrosion test I ever saw, WD-40 and G-66 (predecessor of G-96) beat everything else hands down. For lubrication, just about any decent oil will do. Life on a gun is easy for oil. As long as I can get RemOil and/or Hoppes at WalMart I am not about to cook up some homebrew like Ed's Red. I have used it, and I know what's in it, and I don't like it.
In my opinion oil and/or CLPs is one of THE most overthought subjects on gun forums. Oil is also #1 on motorcycle forums.