DONT get lube anywhere near the FILL NIPPLE on the bottle. That is where the extremely high pressure air goes in and this will cause the lube/oil to ignite. The threads on the top of the regulator that screw onto the marker (where the oring is) can be lightly lubed to aid in inserting and removing bottles. I have a steel tank and have lightly lubed the oring and threads to aid fitting and removing from my sterling pump (as it had no on/off until I fitted one) and never had an issue. Its all perfectly safe as long as you stay away from the fill nipple. I would strongly advise getting a fill nipple cover (couple of quid) to help keep crap out and prolong the life of your bottle.
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