I have delayed responding until enough feedback to get a sense of SP lubing.When you have a can on hand because you use it for sailing stuff, use it for cleats and cables. It's absolutely incredible stuff. But if you've no other reason to own a can, there are other cheaper formulations that do the same thing only slightly less well. Elmer's Dry-Slide is a good one. There's a Super Lube near-equivalent that's good too.
My first set of speedplay pedals lasted for about 15 years with rare lubing of the cleats (multiple bikes, multiple cleats, one pair of pedals). After not greasing the pedals for three or four years, they were shot. The o-rings don't hold grease anymore.I have delayed responding until enough feedback to get a sense of SP lubing.
Now my take on lubing :
I been using SP pedal/cleats for about 16yrs - first with X2s for about 10yrs and then to Zeros.I think November Dave has the best response to lubing.
I have been using a PTFE based dry lube for about 3-4yrs and have noticed a improvement in cleat/pedal durability from previous. I am pretty religious on lubing probably 2-3 x a week.