The best lube any chain will see is the stuff applied at the manufacturing point, after that if one cleans a chain any detergent used, white spirit, gunk or paraffin, etc,etc, simply washed out any grease/lube within the roller bushes. Replacing it will mean complete immersion for a few day/weeks then left to hang and drip dry.
A worn /stretched chain in mm is small and 1.59mm stretch means the chain is worn, 1.59mm = 1/16"
Simplest measuring tool is a tape/rule, pin to pin a chain should be 12" and at 12 & 1/16th " it is stretched/ worn so need changing. For metric buffs 10 links should be 254mm new and 255.6mm worn or 15 links 381mm new & 382.6mm worn.