Actually have tried all of the above. The rocket fuel is a good lube, a little goes a long ways.
As far as the bearings go, I tried the abec7 ceramics in my chronarch and it was overkill. I think I am pretty adept with a baitcaster in my hand, but the reel had a tendency to really overrun with these bearings.
Maybe it was just that this reel is so smooth already, but it gets away from you really easy with the abec7's in it. I put the abec5'5 in it and really like it. I also put 5's in my calcutta and that is a great match.