Hi all,
It's interesting how these threads go off on a tangent at times!
Regarding dielectric grease, a few years ago I started using it on my cars. It was recommended to me by professional mechanics who I respect. On my '97 Land Rover, it certainly helped smooth out the idle, even more when i swapped in a set of Magnecor 8.5mm plug wires.
My girlfriend's Pontiac had a persistent miss. We put in new plugs, but it came back after just a week or so. I decided some grease may help, and it does. Due to the design (plugs down deep in the top of the engine), it dries out and needs to be redone every few months. But, a fresh dab of dielectric grease solves the problem!
Just last week the LR got a new set of plugs in the LR as a precaution prior to an emissions inspection (it was running fine, but gas mileage was not up to even the usual poor standard). The boots all came off easily, although it had been two two years since I last changed the plugs. The old grease was dried out to a white, almost powdery, film, but still still doing the job.
Now, these examples are both modern, high energy connections, where dielectric grease probably does the most good. It is likely of less value on older, lower voltage connections. But, I use it there, too, if only for the anti-corrosion and water-sealing benefits.
I also use it on light bulbs around the house. Ever have one freeze up in the socket and break when you try to change it? Solves that problem.
I have no idea if axle grease would do as good a job, or even cause problems. Never tried it. A tube of dielectric grease goes a long way and works out to be pretty cheap preventative maintenance, IMHO.