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I read up on graphite a little - get as much of that stuff out of your distributor as possible and take the can off the boat. It is conductive and promotes galvanic corrosion. Ain’t nobody got time for more of THAT.
If you want an exotic lubricant, replace it with a Corrosion Block. CB has all the highly appreciable characteristics we seek in a fancy lubricant: it’s blue, it’s expensive, it originated from the airplane industry, it works, it has a spray straw that is very easy to misplace, and it smells weird. But really, a few drops of plain old 3-in-1 sewing machine oil or even clean 10W-30 engine oil will work fine for years at a time as an advance weight lubrication and rust inhibitor.
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