nooooo!
Oil & Water (acrylics) don't mix, & it will ruin enamels as well!
Vallejo (& others) airbrush thinner & cleaner have 'some' lube properties.
I spray, clean with a/b thinner, then strip down when necessary & use Badgers' REGDAB to lube the trigger, the needle (from behind the paint cup area) & the cap threads, then assemble loosely.
The REGDAB doesn't have any deleterious effect on the a/b, seals or acrylic paint so far as I have used it.