Lube or not to lube

Just to clarify I don't have any small caliber air rifles I shoot big bore and so they might be a little different but it does reduce lead fouling quite a bit in my .45.
I will be getting a .177 PCP next week that I am going to be breaking in brand new and may try some experiments with it to see what effect it has on small bores. Both in chrony and with fouling I have read post on AGN from experienced target shooters say the only time they try to completely clean lead out of a bore is when or if they plan on polishing it. (in another words if it aint broke DONT FIX IT.... LOL) because the fouling acts in the same way as seasoning a BP barrel with bore butter it fills in any imperfections.
I have used a lot of the same supplies I use in my other shooting hobbies in my air gun hobby and found that they work really well. I like to keep a stick of my crossbow lube around to put a little on the cocking lever of my Texan (really quiets down the sound and makes it smooth) And used it on the oring on my bulldog. I also use the speed loaders (tubes to carry BP Slugs) to carry my bullets around. And Ten Point makes a cocking rope belt holster that has a flap with a magnet to keep it closed that is the perfect size to fit a tin of pellets. I use my BP Shooters box to keep all my Air Rifle stuff in. And my Crossbow Square Target makes a good backstop (So Far) for at home testing.
I also have a can of Black Powder Foaming cleaner that cleans out Lead and Copper Deposits that works well but it is a little harsh so I haven't tried it on my air rifles yet, The nice thing about it is that it does also dissolve rust so if you have a mistreated gun then it would perhaps work well in a refurbishing situation.
 
A little late to the party, but I have started to lube my pellets for my 177 cyclone. I have used h&n barracuda because the accuracy is good, but had started to have problems with them sticking when pushing the bolt home. So I sprayed a little silicone on to the pellets and that solved the problem. But I have now noticed that the pellets look as thought they have a light gray film over them. Doesn't seem to effect accuracy, and the pigeons aren't complaining, but should I consider washing them before Lubing? 
 
As I have stated on another post- This little secret comes from a long time accuracy fanatic. Try PLEDGE but first use a heat gun or a very hot hair dryer to heat up the pellets then lightly spray them with PLEDGE then heat them up again until dried and if they start to smoke its OKAY it won’t hurt the pellets and a toaster oven would work too as long it is not set too hot to melt the pellets. FPS may more than likely go up by up to 20fps or so. I shoot at distances up to 300 yards and have tried the other lubes such as FP10 Slick50 One Lube Sail Kote Krytech Finish Line Whiscombe Honey and the PLEDGE treatment seems to work the best for all types of airgun power plants based on all of my extensive testings with no adverse effects on accuracy when done right and will keep the barrels as well as your fingers and magazines clean.
AJ
 
I can't remember what the waxy substance is but I do know what you mean, they use it on Bisley's, again it's for stopping them oxidising. I'll ask some of the lads because I've seen it named before.

I don't wash, size or lube mine because I have a great batch and my gun seems to hate lubed pellets, my old EV2 loved them lubed so you've got to find out what works for you. I'd try straight out of the tin first, with the amount of lead I use it can be a massive ball ache doing every pellet.