Not just my opinion, but according to the late George Thomas, change gears only require a few drops of oil at most every time the lathe is used. In reality and even during single point thread cutting, those change gears will see fairly light loads in comparison to most other situations where gearing is used. And I don’t use grease on the gear teeth on mine for the exact same reasons I don’t use grease else where on my lathe. For lathes with enclosed gear boxes, I’ve yet to see any that ever used grease in them, so by simple logic, oil is what your supposed to use. The few drops of oil I do use make hardly any mess at all. Prior to reading GHT’s thoughts, I was over oiling my own change gears by a lot, and yes that does get thrown everywhere. But now I just keep a folded rag under the change gears and anything that might finally drip off, that rag will catch most of it. I will use more oil on any bushings or shafts those gears rotate on and do so much more often and simply wipe off anything excess for the obvious reasons.
I also think that all of the machine tool manufacturer’s do a rather poor job of detailing any and in my opinion, non optional preventative maintenance. Our manual machine tools certainly aren’t immune to that zero maintenance. Every year or so or any time the gibs or or feed nuts might require an adjustment, I pull those items apart on either the lathe or mill for a though solvent wash of those slides, feed screws and nuts, re-lubricate manually, and then do those adjustments. And that includes the same for those lathe change gears. Once you’ve done it a few times it really doesn’t take that long. Any dark or black oil simply indicates a couple of things. On slide ways and feed screws, your probably not oiling often enough, and it’s also highly contaminated. All that does is greatly accelerate the wear rates that inevitably happen. Again GHT mentions pulling apart his Super 7 lathe after every time he went through a session of turning cast iron. I also learned the hard way that any Morse taper tooling needs to be properly maintained, burrs, dings or even worse, rusted tool shanks on that tooling should never ever be used in those high precision tapers.
Fwiw, and going by what I see on Youtube, many think nothing of machining seriously rusted steel or castings. After all it’s going to be machined off anyway. That’s true, however if anyone cares to check on line, that rust consists of a certain amount of a rudimentary form of carbide that is much harder than the parent metal it was formed on. Even with hardened lathe beds, it can and will embed into the softer metal used on the carriage’s ways and the other slides. Mixed with that lube oil, you now have an excellent lap. Since learning that, I now wire wheel as much of that rust off as possible. Even then or any time I’m using abrasives on the lathe I’ll generally cover those bed ways or any other exposed slide surface with a few cents worth of aluminum cooking foil and throw it away when the jobs done. It’s cheap and stays in place if you form it to the surface being protected.