compared to the Penn stuff it is...The advert shows it can be ordered in 85g tube (£5.95) or a 500g tub(£13.40) - doesn't seem to be particularly cheap compared with MoS2 lubes.
Clean the whole reel thoroughly first. Make sure the pin itself, and the female part of the spool, are as clean as possible. A cotton bud into the female bit isn't a bad idea, just be careful not to leave any bits of the head behind. Retracting the sprung spool retainer while you use the cotton bud is a good plan.My Bewick arrived this morning and I was wondering if the "pin" needed any sort of lubricant on it, what and where do you use it.
be wary of how the float screw is set. It wouldn't be the first, or last, second hand pin to be bought with the float set very badly. Plenty of new pins are bought with the float set less than perfectly. If it is set badly, the reel will run like a dog, regardless of how clean or well lubricated it is. Once set well, you should be able to pretty much forget about it.