Ian,
A buddy of mine sent me an online video, that did a test of Synthetic oils in extreme cold test, where they tested it at -40. Mobil 1 beat both Amsoil and Royal Purple. They tested four oils, the other was a fleet truck oil, but I don't remember the name now (Shell Brand maybe). The Royal Purple wouldn't even drain out of a 1" tube at -40.
You definitely know more about lubes than I do, but Mobil 1 has been a godsend to me. All my machines work better, many which are stored outside in extreme low temps, and have to start every morning. The law in Mn. says I have to run snares above ice every day, no matter the temp, and I can't afford to lose my license. I went from Gastrol GTX to Syntech, but Syntech priced theirself out of my market. Conventional gear lubes are like raw honey at -40 and the machines sound like sewing machines, if they turn over at all, and belt life on my Snowmobiles increased dramatically, with Mobil 1 gear lube. Ski Doo mineral oil in my oil injected snowmobiles.
Regular gun oils would frost on the firearm in the holster and looks like white butter, cylinders barely rotate. G96 gun treatment allows mould to grow in the checkering of wood stocks here in the summer time, in a dark gun cabinet! Smells like bubble gum too.
My recoil operated Browning A5's are not sluggish in cold weather anymore, no matter the temp. I can't imagine not having half a dozen around! LOL
I use ATF as a lubricant in the bores and cylinders, because I use Bens Red as a bullet lubricant, and it is already in the lube. The rest get Mobil 1 5w30 High mileage. It just works up here. Use it on all my presses too.