My experience is as follows.
See the pumps internals, like on my pump.. is designed with methanol in mind. Meaning seals, gaskets, valves, etc. are designed around methanol.
Now you have different types of rubbers with different chemical resilience to them. Example if you go to any nitrous vendor and look at solenoids for instance, you'll see they have ones for gasoline, and ones for alcohol(methanol). The seals inside the solenoids are different. Meaning the gasoline solenoid will fail with alcohol and vice versa.
Here's where it gets tricky.. meaning rubbers are typically treated to handle one or the other. IE Buna and Viton for example. Now by adding a lubricant to the alcohol.. your playing cocktails with rubber, seals,etc within your system and seeing if they are truly compatible.. as the petroleum content is now added to the methyl content. I would not suggest adding any lubricant to methanol. The pump does not need it, the system doesnt need it, then engine has plenty of oil present in gasoline.. and if anything, you'll mess your pump up in short order playing chemist.
The few pump failures I saw last year have come from methanol tainted with fuel/lubes. The guys running straight methanol that is clear.. those never have issues. Buy it in 5 gallon pails from VP, Sunoco, Torco, etc.. I can say this has been the recipe for trouble free performance. Start experimenting with lubes, additives, gasoline, tolulene, Xylene, etc... you'll be buying a new pump sooner than latter.
Hope this helps.. run it straight or mixed with water if you so wish to experiment. Add oil into the mixture.. bets off how long the pump will last. What oils, who's oil, etc.. dont know.. dont want to know.
HTH
Julio