How you getting on with that? Years ago I entered a race and some bloke was using Look clipless road pedals and the mud defeated them pretty quick. We didn't snigger too much.
Sorry to hijack here, but is standard chain lubricant okay for the bolts in the shoe?
nope - the bolts holding the cleats to the shoes will be subjected to water many times as inevitably you will cycle in the rain/mud or walk though it so being steel, will rust as i have found out.
I use stainless steel bolts instead - no idea if this helps prevent rusting, as what happened previously, as I have not tired to remove the cleats - due to walking the hex socket is a bit knackered so it should be quite an adventure trying to remove the bolts.
New bolts come pre treated with thread lock so they don't vibrate loose and water can't get in. Of course, re-use the bolts and you need to re treat the threads.