I used to use the Bike Hut stuff.
I had two sets of XT M785 brakes, they worked fine, well as fine as that era of Shimano brake worked.
About a year after I bought them I bleed them with Bike Hut Minieral Oil. About 6 weeks later the rear caliper started to leak, this wasn’t uncommon for that brake. I replaced the caliper, the front followed a couple of weeks later, I replaced that too. During this time the levers started to feel stiff, I put this down to the caliper issues. Eventually the lever failed, the piston / seal gave up and it pretty much locked on. I returned the lot to CRC who replaced them both. Shimano, at the time they were defending the ‘moving brake point’ issue sent out a sort of release via their Rep in Europe explaining firstly how to bleed them perfectly, which did massively improve the bite point thing, but they still did it a bit, they almost gave a warning about non-shimano oil and it possibly degrading seals.
I couldn’t say if it was the fluid that killed them, but I know CRC mentioned that if Shimano didn’t accept the warranty claim immediately, they would be testing the fluid in the system.
Given how cheap Shimano fluid is, and how it doesn’t go off like Dot fluid, I’d just use the Shimano stuff if I had Shimano brakes again.