[rotorwrench]

Lubriplate was not recommended for rotating bearings that I know of. It was used on the backing plates where the shoes make contact. It has good resistance to water wash off so it was and still is appropriate for that purpose. All this is set in a time where these vehicles were in regular daily use with needs for maintenance on a fairly regular basis. Antique, classic, and collector vehicles aren't all that active for the most part. If a person wants to use a modern substitute then there's nothing wrong with that. If the car isn't driven in the rain then other products may last longer.

I haven't seen too many grease products that don't eventually lose the liquid oils from the soaps and the soaps will all harden over time. Even anti-seize will harden over time.