I use the oil op posted on pocket knifes after cleaning since it is food safe (at least the sku I use is). In ratchets I use slickolium grease like for stanchion forks in bikes or syn super lube grease for lower tooth count.
Good point: SuperLube wasn't developed to be a better lubricant. It was developed as a food safe alternative to other oils and greases used in food processing equipment. There are other (better) sythnetic oils and greases out there.
For me- when this subject comes up, I get stuck down in a grease rabbit hole. Lately, I've been limiting my selection of greases to those that are most commonly useful for me, and most convenient to use. SuperLube offers a variety of lubricants that can be an excellent solution to almost all your needs.
I've been using Superlube products on tools and guns and stuff like that. Stuff I handle, stuff that maybe I'm not wearing gloves with or may not be hand washing. For automotive, lawn equipment (including heavy equipment), machine shop, I use 3 in1, WD-40, Mobil 1 motor oil and Mobil 1 (red) grease. That sounds like a lot. But I'm moving away from all the white lithium greases etc.
Ya know, Vaseline is an excellent grease. Pretty sure it doesn't have good high temp properties. But I use it for long term storage of precision tools (instead of something like comosline). Its cheap, easy to remove, and also food safe. Its just mineral oil. In my woodshop, I have pure pharmacy store mineral oil- also food safe, I use for sharpening tools, and as a lubricant on metal planes etc. Its not entirely different from 3 in 1 oil tho. By the way, the name 3 in 1, is a stand it for "Cleans Lubricates and Protects" which is the same as speciality "gun" lubricants like breakfree CLP.
TBH, oils and greases are a lot like wood finishes. There are a couple basic products that comprise the base of 1000 different cans of stuff out there. Choosing one over the other is a bit subjective at times. That said, I wouldn't recommend putting vaseline in a ratchet. The synthetic greases have much higher temperature ranges - don't get stiff in cold weather and don't dissolve in hot weather