I was thinking with the coconut that after the alcohol evaporated it'd set up more like a wax & would maybe work better. I think I'll do a small batch & give it a try. I'll probably try the canola oil also to compare to.I also have been doing my own bootleg for many years.
I used lanolin and alcohol and works great.
Now I use canola oil and alcohol and works even better.
Both natural and free of petroleum. your fingers will not crack over time.
Wash the brass always anyway.