Here is a re-post of one of my old posts on the subject of lug nut torque:
Torque, when dealing with bolts and nuts, is a very simple formula that can get complicated real fast.
T = K × D × F
where T = torque, K = nut factor, sometimes called the friction factor, D = bolt diameter, and F = bolt tension generated during tightening. This formula is often called the short-form equation and you don't really want to see the long form expression.
Let me explain a few parts of this equation and the parts you folks are discussing:
T= Torque, which is sort of a way of measuring "clamp force" when dealing with your wheel studs. Other ways are used but I will leave those alone.
K= Nut or Friction factor....or in my world the CYA or fudge factor. Very important multiplier that can change for different applications and usually only determined by actual testing. In the situation you described it gets complicated. Here are some of the variables that could change the "K" factor in the equation: Is the bolt plated? Is the plating zinc? Is the bolt lubricated? If so, what type? What is the bolt's temperature? Has the bolt been pre loaded before? If so how many times and was the preload correct? And on...
D= Bolt Diameter
F= Bolt tension. The bolt tension is caused tightening. The bolt is stretched a bit during tightening. In some cases the thread can be deformed which you guys know as "stripping".
Bottom line: Can lug nut torque be changed by lubrication? You bet. How much? I have not a clue, sorry. Wiskey Wizard states a percentage and while that may be true in some applications I don't know if it applies here because:
A) Even though you have multiple lug nuts they act as one unit. The K factor will change depending on if all bolts are lubricated or only one, or two, etc.
B) Type of lubricant makes a huge difference. Don't say "It was oil" 'cause that won't help haha.
C) What was the temperature? Makes a big difference too.
D) How many times have they been torqued and were they torqued properly before?
All in all, it is a good idea to clean your bolt before torquing unless it was designed to be lubricated, which wheel studs are not. So yes, lubricating a wheel stud before torquing the lug nut could cause the stud to break because your torque values will be higher. Just don't know by how much. Hope this helps and tried to keep it simple.
Oh, Antman, your rust analogy was very good! BBB, there are some lubricants out there that will absolutely change the "real torque" vs. "measured" torque.