According to its government Safety Data Sheet, SM 50 is oxidised castor oil and molybdenum disulfide powder - no silicone involved. Odd perhaps, but castor oil was the main lubricant for rotary aircraft engines back in the day (to the predictable detriment of aircrew sitting behind them).
https://farmcottagebrands.com/wp-con...nLube-SM50.pdf
A knowledgeable friend told me Beeman's "Ultra Lube" (my personal favorite for leather seals; jealously hoarded as it's extinct) was simply re-packaged SM 50 (which is impossible to find in the US). I would love to get some in hand!