Paul,
I think you are looking at it from the wrong perspective.
I do hope you are not turning into a machine polisher rather than a user.
Lubrication is there to slow down the wear rate, not to alleviate it altogether. If you can come up with a lubricant that gets rid of wear completely, I will definitely buy shares in it.
It is like car engines, forty years ago, with the tolerances and lubrication they had in those days, 30K to 40K miles was about time for a rebore, now with modern lubricants and materials, that has been extended to at least once around the clock, maybe twice.
You will not stop wear on your machine, but by using the latest lubrication formulas, designed to reduce friction on bedways etc., you will extend it’s useful life.
You mention way oil on leadscrews, and the problems caused by it.
If way oil was to be used on leadscrews, it would be called way and leadscrew oil.
Leadscrews require a lighter oil, and I personally use a 32 grade hydraulic oil for general (non way) lubrication of my machine and for use in my gearboxes. I use a 68 grade way oil on my machine ways.
That is what is recommended for my lathe, so I use it.
Bogs