Yes but the grit will displace, oxidisation will cause surfaces to bind.
I thought graphite lube was intended for lock mechanisms. Am I wrong? Interestingly my son got a combination lock which warns not to use graphite.
That's what I thought, but does graphite provide any weather-proofing?
Don't get too hung up on what lube you use, a few drops of chain lube is better than nowt. Anything to deter oxidisation really, after all it's just a bloody lock, hardly precision engineering with high temperature friction to deal with.
@Cranky started
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Yes but the grit will displace, oxidisation will cause surfaces to bind.