Hi Wayne, If this is indeed the same lubricant we are both speaking of, then I will say yes, the specs did seem apropriate for the application.
I'm sure Celestron will neither mention, not recommend a lubricant. Rather probably tell you something goofy like "Oh, ship us the scope, and we'll take care of it", or"Yes, we use a very special lube, and anything you may find will not be up to our high specs, and you may damage your scope".
I's sure one of the most important criteria will be the amount of lube used. Too much, or too little will no doubt create their own problems.
Please keep us posted Wayne with your findings, and results, and how it all went with the rebuild. I'm particularly interested in the C-14's innards, and any mods/improvements that can enhance this scope.
Mark