Here is another "authority".
http://www.aftermarketsuppliers.org/Councils/Filter-Manufacturers-Council/TSBs-2/English/05-2R1.pdf
I'm going with:
BAR’S LEAKS TECHNICAL BULLETIN
Tech Bulletin #: TB-1311-3 Page 1 of 1
Date 1st Issued: June 6, 2006 Date Revised: July 22, 2013
ISO 9001 CERTIFIED Bar’s Leaks Cooling System
Water Pump Lube with Anti-Rust
Antifreeze alone is not enough to protect all of the metal, plastic and
rubber parts of the cooling system. Bar's Leaks Cooling System
Water Pump Lube with Anti-Rust protects aluminum, copper, iron and
all other parts of the cooling system to help prevent the formation of
rust and corrosion. The water soluble oil formula lubricates the
thermostat and the water pump seal. Compatible with ALL brands of
antifreeze including conventional green or blue (Silicate-based) and
extended life red/orange or yellow (OAT/HOAT) coolant.
A must use if running only water in the cooling system, especially racing
applications.
OEM quality meets leading car and truck manufacturer
requirements.
For best results install once every 15,000 miles.
If anyone knows why this isn't a good substitute for anti-freeze, let him speak now or forever hold his peace? Please.