For automotive wheel bearings taper rollers are grease lubricated and need a small endfloat, but for machine tool use they need a preload to maintain accuracy.
Excessive preload will, as you may expect, cause failure, as will poor or no lubrication.
Maybe the compromise between oil and grease would be a gear lubricant like SAE 90 or SAE 140?
My BL12-24 manual quotes the bearings as being C7210 and C7211, but does not specify type, or what preload, if any, should be applied. The recommended lubricant appears to be a fairly thin oil such as a SAE30.
Any comments from importers on preferred types and grades of lubricant, and extent of preload for various types of rolling bearings?
Hopefully, correctly adjusted and lubricated bearings will be extremely durable.
Howard