Thought I would jump in with my opinion here. WD40 and other light dispersant / oils are great for shocks.
I have it from my own shock manufacturer (up there with Ohlins, Exe-tc, Reiger, BOS etc.) that spraying with WD40 is fine. I have also confirmed it with Exe-TC themselves.
And here is a quote direct from Ohlins literature in regards to their rally struts/shocks (circa $10,000 for a set).
"Keep the shock absorbers clean and always spray them with oil (QS 14, WD40 or CRC 5-56 or similar) after washing the vehicle."
https://www.teknikmotorsport.com/assets/brochures/Ohlins Rally + Track Owners Manual.pdf
Still, I sprayed them with WD-40. No change. I then went to tighten my BP-51's, couldn't get them any tighter, and still had a squeak, so I sprayed the bushings with WD-40 and that solved the problem. I hope it's a one off deal, but something tells me that it won't be.
WD40 by the way is not a good lubricant. It actually dilutes your grease. It might work temporarily but it won't last.
I would not be spraying anything into your spherical bearings without talking to ARB for your dealer first.
Most of these spherical bearings are designed to be run essentially dry. Certainly the style that ARB is using in their BP-51 shocks I am confident should be run 'dry'. So what you want to do is clean them, and leave behind little or nothing. WD40 is great at this as it is a dispersant with light oils.
I don't think there would be any reason to try and field service one, a squeaky bushing or even sloppy bushing isn't going to leave you stranded. I'm not in the shop today, and those aren't really an item we sell retail rather as warranty items for our customers so I don't know a price off the top of my head
My opinion again. Squeaky bushings indicate to me that something is sticking and letting go. Increased friction.
Sloppy bushings mean they are worn. These bushes wear most in certain spots such as the position they sit in at ride height. The slop means the bush is no longer tight which means there is room for contaminants to enter. This can increase friction or cause the bushing to jam.
Why is this so important? The bushing is there because there is a need for rotation and misalignment. Without this it creates a torque moment on the shock/strut.
This is extra important on vehicles such as the LC200, Hilux, Prado, FJ, 4Runner that have an extended bottom clevis as this creates a large torque arm. If the bushing friction increases (jams) then something will break. This is evident with the FJ/Prado/Hilux having the lower clevis snap.
Koni had 2 versions of their KONI RAID shock for FJ. One with standard rubber bushings and one with spherical bushings. They brought out the spherical bushing version because the rubber bushing version would bind and snap the lower clevis mount.
Being in Australia and having a great interest in suspension I have seen a number of snapped lower clevis' on both Prado and Hilux.