It will backfire sometime for you. Guaranteed
On the web
"seal being installed dry on the shaft is because there is a little Teflon material on the surface of the actual rubber seal. During the initial start-up after the installation, some of the Teflon is transferred to the surface of the shaft. The Teflon IS the lubricant for the seal/shaft interface. If the shaft/seal is oiled on install, it interferes with the transfer of the Teflon and results in a less than optimal setting of the seal. As such, the seal will leak."