In the words of Mr Axel Rose 'wow wow wow sweet child of mine!!'
Whats this about people that use multipiers ??
Are you trying to suggest that we are all girls??
Please dont take this the wrong way but, this is a formal challenge...I would pretty much guarentee that using a multiplier, (unless your name is Mr McEllow) i could out cast most of you that were using a fixed spool, as long as it was tuned correctly!
Anyway...as far as oil goes, try AVOID USING WD40 AT ALL COSTS!!!! WD40 is not an oil, it is a degreaser! although, it will lubricate your bearings alot better than using nothing!!!
Not sure what leaving your reel in a bucket of water will do apart from rust your handle....
The best oil you can buy for your reel is 'TG's ROCKET FUEL' or similar, (prob available from your local tackle dealer) there are a few different ones you can get, but i tend to use the 'PENN FORMULA' one, even for my abu's. I tend to fully strip my reels down every 4-5 fishing trips, depending how much abuse they have taken...