The only place to be careful with minimal standover is if you are stopping or starting on a hill. Then the standover becomes less because you and the bike are at different relative angles (you follow gravity, the bike must follow the road). But if you keep one foot attached to the pedal and lean the bike, you should still be OK.
Oil is good, grease is better.
2007 Peter Mooney w/S&S couplers/Terry Butterfly
1993 Bridgestone MB-3/Avocet O2 Air 40W
1980 Columbus Frame with 1970 Campy parts
1954 Raleigh 3-speed/Brooks B72