I'm not recommending LPS1 based on what I've read...I'm basing it on my experience with it over the past 6 years;
AT WORK in an industrial setting over 8 years
AT THE TRACK thru mud / dirt / water... racing and pleasure (6 yrs)
AT THE DUNES with water / salt / sand...racing and pleasure (6 yrs)
ON THE STREET with water / dust...just pleasure of course
I've seen first hand exceptional long life from my sprockets and chains...all O and X by the way.... It's good stuff.
The reason I stay away from the chain lubes is they are sticky sticky sticky. Waxes are nasty and gummy. I don't mind paying for the LPS1..it buys me the protection I want without the grief associated with the other stuff. When a product comes along that does the same for less, I would surely buy it...
As far as penetrating, Your O and X rings are designed to hold in the lube they come with, and keep out everything else right? If stuff is creeping by to get in then your lube is creeping out. Time for a new chain.
That said....this is strictly my opinion and as such I make no warranty commitments, either written or expressed..mileage and price may vary