flood coolant and way oil

[dlaery]

I have a question about using way oil for lubricating the slides on my mill instead of auto trans fluid. I bought some Kool Mist #77 flood coolant and use this to keep my tool cool and chips washed away. I am mixing 10 to 12 oz per gallon water(4 oz is what is recommended). I called Kool Mist and they said it had great lubricating qualities but I don’t think they understood what I was talking about, this is washing away my lubricant (I am using auto transmission fluid for the slides.) on the slides of my mill and causing to move harder and throw the reset. The person at Kool Mist seemed to think that Kook Mist would lub my slides.
Would way oil work better and be more water resistant? I have made channels to keep the water away from my slides which has helped. I have attached a couple pics of my channels. I got these from the lumber yard. It is some kind of plasitc channel. I got some 2 face tape from the auto parts for use on moulding on cars.
What are some advantages of using way oil over trans oil?
Do I need to change what I am using for flood coolant?

Thanks,