Regarding gear noise, use of a purpose made light grease is much more preferable to chain saw oil!
There are a number available both here in OZ and in the UK, I use a an Electrolube GP Grease made in England, also a Food grade grease I got from a company that sold expresso coffee machines, not sure of the brand name, but it has 'ox' in it, but the best stuff I've found is a product called 'Liquid Grease' it's made in Lowestoft but is available out here in Angling Shops and is used for lubricating fishing reels.
It is slightly heavier than chain saw oil but is incredibly sticky and stays where is put, I haven't had any 'spin off' in any of the loco's I've used it on, and it quietens down metal to metal gears, better than anything I've used so far.
The other grease I use is Carrs Grease, this is really top notch stuff, and is very economical, and being white in colour is easy to see where you've put it, no, it's not the same as the horrible stuff Bachmann use on their mechanisms, it dosen't attract dust and is the best stuff for quietening the gears in Lima and Hornby Ring Field motors.
It is always imperative to check that the product is plastic compatible, as some have aromatics in them to keep them fluid which can attack the types of plastic used in models.
Both Triang and Hornby Dublo used to supply a little bottle or tube of oil with each loco, this was much more preferable to the 3 in 1 that we used to oil our bikes, lawn movers and other sundry objects with, anything oiled with that that had
plastic in it would disintergrate in three months!
So, to recap, any oil used must be plastic compatible, Seuthe Ultra Adhesive is the best I've used, followed by the oil made for the US market, the name escapes me at the moment, any of the oils sold for use by the Brands, i.e Fleischmann, Bachmann are OK,
On gears which are not running in an enclosed gearbox then a light grease is the way to go, but, please, please check it's suitablity as I have come across locos with no teeth on the worm wheel as the lubricant had caused it to harden and the teeth to strip.
You have been warned!