Due to the inclement weather being here much of the year & it seems sometimes most of it freezing weather, many of us use a water base with alcohol and the addition of an oil to slow down the evaportion in hot summer weather - maybe it aids in lubrication, but it shoots virtually identically to spit. Do not use water based for hunting - it may rust your bore depending on it's composition.
Our mix usually is similar, shoter to shooter and is winter windshield washer fluid with some form of oil added - I use Neetsfoot oil - about 6 ounces, maybe 8 or so to 1 gallon can of fluid. Shake, and pour off into a smaller container. For the last 4 years, I've been using Blue Thunder brand- it's the cheapest and has no teflon in it.
A $4.00 gallon of -35 to -45 fluid lasts 2 winters & summers of considerable shooting. No cleaning or wiping needed while shooting- no difference from using mink oil or Neetsfoot oil lube while hunting - again, no wiping needed - at least up to 80 shots for the day with no wiping- that's the most I've shot on a trail.