Hello Bill in VA

Whenever I've lubed Pfluegers, I just apply machine oil to the spindle. I also put a small drop of oil inside the spool arbor, allowing it to lubricate the workings of the spool release. I apply a dab of grease to the drag adjustment screw and turn the screw back and forth, distributing the grease evenly along the threads.

While some people use grease on the spindle, I do not. Applied conservatively, machine oil will provide ample protection without dispersing throughout the reel.

Just my opinion