Is a greatly increased clamping force with a lubricated bolt necessarily a good thing? You don’t get something for nothing?
The only way there is more clamping force is because the bolt tension, and directly with it the tensile stress is increased.
That tension increase comes from the lubricant easing the coefficient of friction, within the threads and within the bolt/register seating surfaces. With the eased friction more of the torque goes into tensile loading of the bolt, no more complex than that.
Sometimes, in combination with a lubricant it can be a massive increase, say with new bolts of high quality thread finish, themselves with a plating that acts as an extreme pressure lubricant, going into nicely burnished female threads.
It is an absolute "NO NO" as here where the quoted torque up is for dry components , and where again as here the torque up is pushing the specified grade bolt close to its limiting tensile value.
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It's wrong to accredit spigot hub/wheel designs as "fail safe", it never is "safe" to run with an unsecured vehicle road wheel even if for a few moments it can hang more or less together as progressively it fails.
This is even more so with trailer wheels, where the vehicle dynamics are not so directly coupled to the person holding the steering wheel.