That's more lube than I use when necking cases up/down to form a different cartridge.
I use spray lube on pistol cases that are headed for the 550. For rifle brass I still use my ancient RCBS lube pad so that the necks don't get lubed. If the sizer/decapping pin feels sticky, I will put a small amount of lube inside one case neck, and that's usually enough for however many rounds I'm loading.