Just curious why you are home brewing a chain lubricant.
For road cycling, I stay away from lubricants that are oily in nature. The oil tends to grab fine particulates and hold on to them. Paraffin oil is similar to kerosene being an oil distillate. Myself, I'd avoid it even though it does say paraffin. Dipping chains in molten paraffin seems to be very good for lubricating chains.
For road riding, Rock and roll gold is all I use. For mountain and bikepacking, I will use a wet lubricant because I will oftentimes get into water, mud and other wet places. Other than those, I see no need to reinvent the wheel. YMMV.
Edited for clarity.
Last edited by bakerjw; 02-26-19 at 06:31 AM.