The deisolene being a petro-chemical, will soften rubber components. The Linseed diesolene mix will be incredibly messy and take a long time to dry, so every bit of sand and dirt will stick to it. Whether it does the job, or not, I can't say.
I did a 12 month trial with test-pieces and controls on rusty sheet-metal in my garden, using Lanox; Fishoilene; Penetrol and Ballistol. The only test piece which looked as good as the day it started the trial was the Penetrol one. All the rest went rusty surprisingly quickly and I am still trying to give away my tin of Fishoilene. I should point out that Penetrol should be painted over according to the directions but the unpainted Penetrol sample only had a small speck of orange rust after 12 months!
I tried to buy Waxoyl and one other European brand - whose name eludes me - but I found only one agent in Adelaide and they couldn't supply what I wanted!
Use Pentrol and know that it works!
Cheers Charlie