Yes, maybe, but then you'd have to find a way to clean the lube
off the inside of the chain...
I simply run it through my warmed ultrasonic for a short bit. I use
Bur-Life to lubricate my wood drawplate. I’ve never had a problem
cleaning it from any work in the past, whether deposited by a bur,
drawplate, or other tool.
If I were using a heavy coat of paraffin or some other high
viscosity lube I can see a problem, but then again, it would depend
on your cleaning method.
Mike DeBurgh, GJG