MUCILIN GREEN should work just as well. The concerns about the silicon in the Green 'tin' is unfounded; especially if you use glass or graphite rods. The concern is VALID if you are talking about bamboo BEFORE the varnish is applied! Silicon on any surface to be painted or varnished can cause "fish eyes" in the coating material; as the auto makers found out some years ago. It should NOT harm the dried finish on a bamboo rod. Thus, the recommendation of Red Label is apparently based on a partial truth.
I venture that Mink Oil will work just as well! I have used Barbour's THORNPROOF DRESSING with good results. Any fly line dressing will also work.
Cheers!