Use that stuff at your own risk. It isn't always wise to listen to every troll on AZ. If you have a ball cleaning machine and you use that stuff it will most likely impregnate the wool padding and will never come out. That means whatever you use to clean the balls in the future will be tainted with that chemical (at least for a good amount of time before it finally wears off).
Aramith gives you a good consistent amount of throw while these miscellaneous waxes change the throw characteristics very quickly during the course of play. This is one advantage of using a cleaner meant for pool balls and not fishing gear or your car or tires. In other words, listen to Bob.
Here's a little study I did awhile back you might be interested in (I bought replacement wool pads for my ball machine after finding these results. Be sure to scroll down to the "Aramith balls cleaned by hand" for interesting test results.):
http://forums.azbilliards.com/showthread.php?p=5056666