Your Elmo CL probably uses a tiny lens with a slot in it to focus the exciter light beam behind it onto an electronic photocell. If it is this type of an arrangement, just gently dust away any debris from in and around the lens using an air blower brush, not compressed air.
Certainly the lens itself, should never be removed as focussing the tiny beam can be somewhat tricky to completely master. It can be done, but should really never need to be done if the PJ is used correctly.
As for lubrication interventions and lubricants required on Super 8mm machines, they are all different I'm afraid. You really need to read both the instruction manual and the service manual for any given machine, to know exactly what to use and how often.
On Super 8mm projectors, oil is something seldom ever required or recommended to lubricate any of the parts and can in some cases, very much do more harm than good.
The magnetic heads can and should all be cleaned using a 100% or very near to 100% pure alcohol solution. I use Isoclean which is readily available and does a superb job when applied using a Cotton Bud (Q -Tip).
Any Isopropyl solution is a great solution for this Job though.
Pay close attention to the nylon pressure pads also as these will have a build up of magnetic stripe deposits in the same manner that the heads themselves do.
Also as a general rule of thumb, don't be tempted to go around lubricating the film path with either silicone or furniture polish in situ.
As and when this transfers onto the capstan roller in and around the sound head, it will, on all but a few machines, cause excessive slippage of the roller resulting in warbling sound (wow or flutter). Any polishing of guides should be carried out best with the part removed and then the surface can be buffed to a high standard to obtain a glass like surface with no visible polish, silicone or wax, remaining in the guide