Long time lurker, first time poster.
This is kind of one of those ‘it depends’ questions. Do you intend to use it only during normal winter or during cold snaps when any sane person would be at home in front of the wood stove?
A garden variety conventional EP2 like lucas red and tacky will work okay most of the time. It will definitely stay in the journal. It might become an issue in deep cold where the grease becomes so viscous movement is significantly slowed or even impeded. I’ve seen it happen up here, particularly with that specific lucas product. It has lots of tackifer and has a high dropping point. It is more of a high temp high pressure grease.
My suggestion would be a synthetic NLGI 1 (SHC221) or even a 00 (SHC007) for winter use. The 00 will run out like water in the summer though. Most of the major companies make a suitable grease, I am just most familiar with ExxonMobil.
If you want to mess with your buddy, pump one side of his fish house with SHC1000 Special. It won’t pivot again until August…