I'd quite like to use a polishing hone with oil rather than water, as oil will lubricate better and slow the cutting action, but help put a keener edge on the blade.

Is that safe with one of these pre-lapped chinese 12k's?

New Chinese Water Hone / Waterstone for Straight Razor - eBay (item 130347554852 end time Feb-24-10 06:17:19 PST)

Thinking of using clear mineral oil.