Chris started this thread, as a general advisory re. metallurgy. Various people have benefited from this discussion. Exchanging fact based data is one of the main reasons I keep hanging around here.
Bear with me if I'm repeating myself (this thread's been going on long enough I don't trust my memory).... a lube I like and resists dirt well (won't load up like grease does) is Dupont's Chain Saver.
DuPont ChainSaver
It's magic on chains, and should serve well as a drawbar coating.
AFAIK, it's not illegal here, but even it was, a local LEO would have to be
really far behind on ticket quota to write someone up for leaving a drawbar on a truck.
Given the level of carnage on the roads around here, our LEOs are way too busy dealing with more serious issues than a drawbar left on a truck.
There's a wrecked older Corolla sitting behind my buddy's shop just now, belonging to a regular customer. After saving up for a bit, the older lady that owns it had my friend install a couple of new Quickstruts, intending to keep it for a while longer. Car got written off recently, and she ended up with a broken collarbone and other shoulder injuries courtesy of some (expletive deleted) who blew through a Stop sign.
It's a relatively common problem around here..... intentionally blowing through Stop signs at high speed, just because some "driver" can't be bothered to stop.
If someone lives in an area where Road Safety is consistently high enough that LEOs have plenty of time to worry about drawbars, I'm actually envious. I'm serious, not joking, about that last bit....
Rgds, D.