I know nothing and should NOT argue with the experts!
I am certainly NOT attempting to offend nor to start (nor will I enter into) an argument. This is only an opinion that likely serves no useful purpose. Further, I have no desire to change anyone's mind on the matter. Just sharing an opinion here.
However, (for example and if wet or dry is NOT specified) IMHO if a stud (bolt) requires 20 lbs of torque, I fail to see how less torque is correct and ample just because oil is used.
In my admittedly dim view, 20 lbs is 20lbs wet or dry - EXCEPT if dry, I missed the required torque since I am also blindly measuring friction. (Unless all threads are completely clean, I still think friction will vary stud-to-stud -wet or dry.)
Also, in my dim view, (for example, as with a head gasket) if 20 lbs is specified (with or without wet/dry mentioned) I would oil 'em and go (incrementally) to 20 Lbs. If I only go to 18 lbs, IMO, I'm asking for a blown gasket - which actually (in this example) called for 20 lbs.
If the fastener will stand the 20 lbs torque specified (an obvious requirement) why would I stop at 18 lbs just because I oiled the threads? The 18 lbs is NOT 20 lbs and is NOT up to the 20 lb spec.
I admit I am dense. However, I can't see how 18 lbs equals a specified 20 lbs - just because oil is used. Rather, I would think 20 lbs dry would not be as good as 20 lbs wet and due to friction, missed the spec.. IMHO, I would think 20 lbs wet would be required to help insure the life of the more properly sealed and tightly held (example) gasket.
In cases where wet and/or dry torque specs are given, I would, of course, be guided by the specs as listed. Where it isn't specified wet or dry, I'm gonna oil 'em and go the the spec listed - regardless of what the wet/dry chart says. I haven't had a head off in years but I have NEVER broken a head stud (or bolt). But I'm subject to do so as much as anyone.
In the meantime, let us all just be guided by our own judgements and opinions and continue to do this in our own way.
Perhaps I should also add, "peace" and "to each his own".