Sorry OP, this thread got away from your question on diesel. I know many use diesel & kerosene for cleaning but not many for coating, I don't for use for either. I had some bad experience as a kid (9 or 10 yrs old) with kerosene, and with gear lube as a teenager (17 yrs) so I avoid both.
@sean2202, No oil slicks or rainbow film in puddles that I've noticed after washing. This stuff is approved for use on our water ways/lakes on boats so should be reasonable environmentally safe.
As I've gone back to service some of these parts that I've coated with marine grease. I've cleaned with solvent, water & high pressure air. The marine grease still holds after all that cleaning, that's the good & bad. Currently I have dark red or something marine grease, I just grab whatever Wal-Mart has. But the blue was my favorite as it's easy to see difference from my M1 chassis/wheel bearing grease, and girl friends thinks it looks cool.
The bad part of using grease or oils is dust and sand will stick to it. To reduce this I do wipe down and find it manageable. Paints don't, and ones like POR-15 are harder and thicker then hardware paints. Just costly and not my preference to use on older rigs.
I've been finding more and more uses for marine grease. I use a lot of it when doing wheel bearing jobs. Not in the bearings themselves, but around the area, like back plate (Dust Cover) and in the socket & cavity the wheel speed sensors, making sure not to plug drain hole.
I'm sure many have found these pricy dust cover & dust seal rusted, along with speed sensors frozen in the socket. After I service, I don't.
Even my hub gasket come off easy after first servicing.
The Techs at Discount Tire freak when they see my greased up Hubs. BTW I do wipe off excess from cone washer and hub face. I also keep areas like threads of wheel hub flange studs dry, so I can use a drop of blue lock-tight on threads.
Disclaimer: I'm not recommending anyone grease they're lugs. Just something I started last year when I found rust in threads of used & brand new unused lugs.
I know many will say; "why in the world grease the wheel hub plate & lugs" "YOUR WHEELS WILL FALL OFF". Well they haven't and techs don't need too wire brush rust off my hub or wheels mounting surface. I have been greasing on outside of lugs for years, to reduce fiction damage to wheel lug socket during mounting. Also I've found lugs and wheels frozen on.
Notice two of the lug the end caps are missing, rust! Man I spent many hours to get this wheel off. I beat the wheel to death once lugs removed, what a PITA!
BTW I do like the idea of a environmentally friendly oils' (if there is such a thing) ability to flow into tight spot. As I said I'll be using something like fluid film oil also, in frames rail and such. I may even use Por-15 cleaner & degreaser as I've read it does not leave a film. I just want to make sure it does not damage or etch paint before I use.
I change my procedure(s) over the years, and will again if I find some areas aren't handling grease well on future inspections. The newest area is on my stabilizer link shafts, retainers & bar pockets for cushions. Links were very rusted any fronts both snapped. So I greased the new ones during insrtall. If I find they slip out of position, or rubber gets damaged I'll note and adjust.
I've three goals in mind when using marine grease; reduce rust, longevity of parts & making easier too work on next service. I spend a great deal of my time cleaning and inspecting on every job I do, the first time. Second time around, its much cleaner, and easier to work on and less new parts are needed.