I have stuck with it, mainly because it works and I am a breathtaking cheapskate. Tend to remove the chain, clean it up in white spirits, then give it a good dunk in chainsaw oil, using old jam jars…
I agree the applications are similar bike chain / chain saw, lower revs on the bike, more chalkdust, clay and grit, less sawdust and sap. No chain lasts forever…
It picks up crap and grime, but then so do certain “wet lubes” costing much more. It is an MTB so I don’t really care too much TBH, I see my bikes as closer to agricultural machinery than precision ‘weapons’, the aesthetic appeal of a sparkling clean drivetrain is lost on me. YMMV of course.