I was a big fan of ATF until I could smell my gun while deer hunting. Fail.
Any concoction based on it will be just as bad, deer have top tier aromatic abilities. If I go to the effort to not ever wearing my hunting boots anywhere but the field, keep my hunting clothes bagged between seasons, and use a scent blocker, then spraying my gun down with some home brew mixture of noxious smells doesn't seem too smart.
Those who frequent ranges seem to be the ones who have come up with this kind of stuff, and I see it as an extension of their handloading or building. It's tech and they think they can do it better. It's their hobby.
I use a commercial lube designed for no scent and recommended by a Vegas rental gun range. It does what it's supposed to do - not smell, stick to the gun, resist hot gases, and be relatively inexpensive. Working in the auto trades, we are cautioned that petroleum distillates are now considered hazmat so no, I'm not mixing up new auto lubes just to have them all over my hands hunting. I choose to use something a bit more user friendly.