I have had issues with old dielectric grease in connectors, not only did it not prevent the Oxidation of the contacts, it seemed to get hard and crusty and then seemed to inhibit electron flow, in some cases a reseating of the same connector the crusty grease would keep the contacts from making proper contact. I assumed the problem lay elsewhere and it turned into the wild goose chase, but the problem was the old hardened grease in the connector, which later flaked off the contacts like clear yet burnt scotch tape when i got a small sewing needle inside the sockets and mechanically abraded it.
My electrical connector/connection strategy is now this.
If a connector is not new and pristine, I clean it with DeOXit D5 or D100 using mini bottle brushes and precision cotton swabs.
I protect those cleaned conductive surfaces from oxidation with Either DeOxit Gold or Deoxit Shield, both of which are available in sprays or liquids.
After spraying the connector contacts with the Deoxit products, if the connector is located where it is prone to moisture, I will then smear Dielectric grease all around the exterior of the connector, pushing it into any voids. I DO NOT fill the connector with Dielectric grease then reconnect it. I feel this can actually push the spring loaded connectors away from each other, and lead to a poor or a outright failed electrical connection.
Battery posts I clean with Deoxit d5, attach ring terminal, tighten bolt, cover with dielectric grease.
I have not used the NoAlox, but I thought this was more for dissimilar metals, like aluminum wire used in Some older AC household wiring, and is not dielectrc, but designed to promote electric flow. I do not know, do not hold me to that.
The Caig products actually decrease the resistance in the connector for a while after application. In my opinion, it is magic electrical juice
I have taken to spraying circuit boards, like on my computer fans which are exposed to salty air, with Deoxit shield s5 spray. Recently some 12v LED bulbs, exposed to high levels of dust in my workshop had 1 or more of the emitters on teh bulb start flickering. I removed them, sprayed some Shield s5 spray on a Q tip, wiped the whole bulb, resistors and emitters, and contacts. No more flickering, so far.
http://caig.com/
My USB connectors also get the Deoxit gold treatment, but recently, after flying to the other side of the country, and having not performed the connector maintenance recently enough, my USB connectors caused me to think my Phone USB port had failed, or my Phone battery had failed, as it refused to charge but was showing it was charging and made the proper noises
Longer story shorter, the contacts, which were still nicely gold colored when strong light and magnification was used, had developed an invisible film which impeded electron flow. When I returned to My deOxit Supplies in my Van, and applied it to my connectors, everything magically started working properly again, and that microUSB connector would seat easily with that reassuring click.