Hummm. Here is something I found on the Dive Rite Express website:
How Much and Where to Use Lubricant
Some people very sparingly lubricate the SPG swivel O-ring. Some people also sparingly lubricate the threads of valves before they are installed in the cylinder neck. Do NOT lubricate the neck O-ring itself, and absolutely positively do not lubricate the valve/regulator seal O-ring or DIN threads. Most lubricant is used with dynamic seals in regulators and valves. As a general rule, the O-rings used with static seals in SCUBA applications should not be lubricated at all. The lubricant just causes contamination to stick to the surface of the O-ring and results in more problems with a static seal than any dubious benefit the lubricant might provide.
(italics are mine)
Looks like they recommend that you DON'T lubricate o-rings used in static seal situations. Wouldn't the hose connected to the 1st stage be a static seal?
Thoughts? Are the correct or are they "all wet"?