I personally prefer the DeOXIT Shield myself on anything fully open to the free air, like the switch banks on these units are.
While putting my 2020B back together I did some experiments with lubricants and found WD-40's spray-on White Lithium Grease and Silicone Lubricants to both be excellent choices, but I feel like the Silicone Spray edges the other out in the least mess and protection factor areas, so that's what I'm going with. Though, if you want a good long lasting lube that's easy to apply and find, you can't go wrong with Hopp's #9 Gun Lube (orange bottle), available at Wal-Mart or anywhere firearms are sold.
I use DeOXIT Gold inside the wirewound pots, plus Silicone Lubricant for the shaft and Lithium Grease for the bearings.
By the way, for really bad problems with pots or switch banks, don't be afraid to desolder the connections, remove them, use the original spray on DeOXIT and then scrub them in a sink full of warm water and dishwashing soap with a toothbrush. Followed by a hot water rinse to get the soap out, then a rinse with 90+% IPA. Followed by the prescribed lube and protect procedure above.
You can remove pots and take the cover off them (a couple of metal bend tabs) and do the same thing.
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