If I were to be succinct in my answer, I'd just say "Yes to all of the above". It does all of those things. It keeps the fouling soft, it makes the ball slide down the bore more easily, it helps to seal the hot gasses from escaping around the ball and it lubricates the bore as the ball is seated and as it exits the bore when the gun is fired. And, yes, there are more different lubes and advocates of each than there are fleas on a dog. The important thing to remember is to use a natural vegetable based or animal based lube and never use a petroleum based lube. Vegetable and animal based lubes are less likely to burn in your bore and form the kind of undesirable coating inside your bore as a petroleum based lube will. Some folks, myself included, will add a bit of Murphy's Oil Soap to our bullet lube recipe to act as an emulsifier to help in mixing the ingredients, to make the lube creamy and more easily spread onto the patch or bullet and to help in keeping the fouling to a minimum. Because many of the natural animal and vegetable lubes are soft or are liquids, bees wax is often used as a thickining agent. Another thing to keep in mind is that if you decide to invent another lube, it is possible to have a lube that is too slick so do not pick your ingredients based solely upon their high lubricity. One of our members has written an outstanding series of papers entitled "Black Powder Rifle Accuracy" and in that work, he discusses the fact that too much lubricity can lower your accuracy. I would give you his name but Dutch asked me to quit touting his publication on the forum. If you are interested, you will have to Google it yourself because I keep my promises. :wink: :grin:
I will have to agree with Canute that one of the main functions of the many various lubes is to give us something to argue about. So, pick a lube or invent one of your own and come on in, the water's fine. :haha: