I use wheel bearing grease in my steering head, swingarm, and wheel bearings. The spray-on white lithium stuff is pretty thin and will dry out to a chalky, tacky film after a while.
I do use the spray on white stuff, primarily for bicycle chain lube (where it gets cleaned/replaced regulalrly) and as an anti-rust protector on exposed metal ball joints, etc on my tractor's 3pt hitch and implements, etc.