Another sixty rounds through each conversion today. No failures of any kind, and when examined the lubed surfaces still look like they've got a proper coat of the stuff.
Conclusions at this point:
In the guns I've tried it in, it works as a lube should. No bad smell, stays where you put it. I'd love to take, say, and 9mm and about a thousand rounds and test it with that. Or the AR and that much 7.62x39. However, due to both expense and time, not gonna happen right now.
So far the only real problem I see is the price: seventeen bucks for a half-ounce will turn some people off, especially compared to, say the Lubriplate SFL-0. The good thing is, used lightly as it should be, that bottle should last quite a while(depending on how often you shoot, clean and re-lube).
I'll keep shooting with the stuff and see if it holds up. Since the guns are about to get at least a couple of weeks(more if I'm not an idiot) rest, we'll see if it's still where it should be.