Some physics theory-
A fastener generates clamp load (the force squeezing the wheel, and the rotor/drum together).
Friction is what actually generates the 'torque' you measure in your torque wrench.
Frictional force is equal to the normal force (equal to the clamp load applied to the threads/seat) multiplied by the friction coefficient. (a number, usually in the 0.1-0.4 range)
The friction on the threads and the nut or bolt seat is what prevents your fastener from backing out. The higher the clamp load (tighter) the harder it is to turn the fastener any direction.
So, when you add a lubricant to the threads or seat of any bolt, you don't modify anything but the friction coefficient of the interaction between the threads/seat and the nut/wheel.
That means, as you tighten the fastener, and the clamp load increases, your force resisting the tightening or backing of of the fastener will be proportionally less by the change in frictional coefficient. This allows for "over torqueing." What you're actually doing, is over clamping. You're still torqueing to the same 60 ft*lbs, but your clamp load is greater.
If the clamp load desired for the wheel to rotor interaction is 1000 lbs, and that equates to 200 lbs per lug, the engineer that specs that lug torque is going to assume dry threads, and a frictional coefficient of say 0.3 for metal on metal contact. He'll then spec a torque of say 60 ft lbs accordingly to generate that much clamp load.
If you add a lubricant to the threads or seat, and decrease the frictional coefficient to say an actual value of 0.15 for oiled metal on oiled metal, then when you torque to your spec of 60 ft lbs, you'll have to generate a greater clamp load, because the force resisting your torque wrench from the interaction between the fastener threads and seat is less. So a clamp load of say 250 lbs would be generated to create the same 60 lb*f of resistant torque. That increases the 'torque' because even though you went to 60 ft*lbs, you've actually generated MORE clamp load than was desired.
Generally, any modification from the ideal values, lubricant or corrosion, is going to change the desired clamp load between the items being fastened, higher or lower. Wheels are no exception.