It may do no harm to the weapon to slather it in lube, but it does nothing to make the weapon work better.
On the bolt carrier there are 4 polished rails that the bolt carrier rides on, two near the bottom of the carrier, and two up by the gas key. I take the carrier out, and lightly lube those rails. If I'm feeling really froggy, I'll lube the face of the hammer, as it drags on the carrier while the bolt is moving rearward.
If I don't have time to break the weapon open, I open the dust cover, and put exactly 4 drops of CLP inside the receiver; One drop at the top of the visible portion of the bolt carrier, towards the rear of the ejection port... One drop at the bottom of the visible portion of the bolt carrier, towards the rear of the ejection port...... then I lock the bolt to the rear....
Inside the upper receiver, where the steel bolt carrier actually touches the aluminum upper receiver, there will be two slight wear marks in the finish...(one up near the charging handle, one down low near the bottom edge of the upper) this is on the far side of the upper receiver though the ejection port. One drop on the bottom track, one on the upper. That's it. Any more is wasted.
Cycle the bolt a few times by pulling the charging handle and riding it forward. Insert magazine, charge weapon, go.
These two proceedures do the same thing: lubricate the points of contact between the steel bolt carrier and the aluminum upper receiver. By removing the bolt carrier, you can use less lube, and put it more precisely where you want it. If you find yourself someplace shitty, like Iraq, you will find less of the neighborhood lingering in the goo inside your rifle.