One thing isopropyl alcohol is very good at is drying your skin, even at 50% concentration. It can dry your skin so thoroughly that the skin breaks down and opens cracks... You have to keep your skin in contact with liquid IPA for an extended period of time for it to go that far, but it can happen. So unless I’m ONLY wiping off some bit of goop (or just removing Sharpie markings), I wear gloves when I handle IPA.
As for how the different concentrations of IPA work, I think 70% is too weak. I tried to mix a little lanolin with 70% IPA, and there were a lot of settled solids. It clearly didn’t dissolve the waxy content of the lanolin as well as my 91%.
Similarly, I made up some lube with anhydrous lanolin (a thick, nearly solid material) and 91% IPA. It mixed OK when the anhydrous lanolin was warmed up, but since this stuff is mostly wax and almost no oil, the waxy content settles out and must be warmed up before it is again suspended enough to spray. I put the spray bottle in very warm water for a while then vigorously shake it, and it stays mixed until it cools.