Another satisfied FL user here. I can't say it's any better than other stuff, but I can't say its any worse. Works well for my purposes.
Out of curiosity, Im going to have to shoot my 1911, it's been stored with a healthy coat of FL for awhile now. However, on initial application I drenched it and heated it. On the bright side, the coating stays put and works well as a rust inhibitor. I live in the desert now, but I used to live on the beach with no issues.
I suspect, at least initially, the heat application is recommended(it was in my instructions), is that it flushes out the FL/old lube mix.