Hardy only makes a few of their reel models in house now. The rest they source out to Korea but are still held on the same tolerances as if they were made in the Alnwick shop. Off the top of my head the only models they make are - Perfect (trout, wide spool, salmon, taupo), St. George (trout, salmon), Bougle (2014 model and the limited edition).
I believe everything under the Greys name is designed by Hardy but built in Korea.
I personally liked using sewing machine oil in the Silex I had.
P.S. - the more a bearing reel is used the smoother and longer it will spin. Put some stiff paper flaps taped to the reel handles and then set it in front of a fan and leave it spinning for a couple days. This will "break in" your reel by basically giving it years worth of hand reeling. Make sure its spinning the proper direction, the way you would reel.
I know lots of guys that do this when they buy new Kingfisher's and other bearing reels
Islander's will NEVER spin for 10mins, either will any other reel
I would love for someone to video a reel spinning for that amount of time with a clock beside it the entire time for proof. indoors without a fan !