I use the pants-in-the-socks method with great success (triple chain ring with no chain guard).
I oil with something close to car motor oil. I oil liberally and then dry off excessive oil. I have found the bike specific lubrication too thin for my needs, I have to oil much less often with the thicker oil.
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My advice is free of charge and of respective quality.
1982 Miyata 912
1998 Wheeler 5900 with front and rear air cushion suspension
2015 Canyon Spectral 7.0 EX