I Woolwaxed the underside of my rig and haven't found it to be too bad, even after doing a ton of wrenching on it (including installing a lift after the Woolwax). Mine has attracted a nice layer of dirt and is now more of a really tacky grease rather than a liquid. It does get on you, but it also washes off of skin and clothes a lot easier than oil (in addition to practically being a skin lotion!). It has also held up great on my rig after a year, despite a ton of water and mud crossings, and regular washing with an undercarriage attachment. The only places that require regular touch-up are the bottom of my rock sliders and the rear wheelwells (as I blast them pretty hard with the pressure washer).Another good spot to check are the rear upper door hinges. I’ve seen rigs with less than 50k have rusted out bolts up there. (NY/NJ area) . Yet another reason to travel for purchase. Got my rig in GA.
I’ll also throw my 2c in, I’m not a big fan of fluid film or wool wax, if you work on your own rig, the sticky residue from the spray products gets allllll over you. I prefer wire wheeling the rust, then painting it with a high quality paint, meant to seal rust. I try and do this yearly. Plus lots of washings in the winter. I’ve been debating getting an undercarriage pressure washer attachment.