I've been using the 3-in-1 oil that I bought way too much of as a chain lubricant, but now I'm almost out, and I've been thinking about what to use next as a chain lubricant. I commute regularly, 8 miles each way, on average 5 days a week. This includes riding in at least light to moderate rain, so I'd like to get a lube resistant to water washout. I asked my LBS about this and he sells a lube that is waxy and needs to be applied only a few times a year. I was about to buy something like that, but now I've remembered that I have 1 lb. tub of Mag-1 Hi-Temp Wheel Bearing Grease that I bought when I needed a grease for overhauling my hubs. Is there any reason not to use it as a chain lube? Based on the prodct description I don't see any reason not to.
If this is OK, what kind of guidelines should I keep in mind (how to apply and how often)? Do I need to thoroughly clean the oil out of the chain before switching to this?
Thanks for any insight!