Too much could be a problem with contaminating the mix, or just filming up the ports.
I just wipe some oil in the bore, and after piston rings are installed in the lands I wd-40 the rings.
On the other hand I've done the whole with wd-40 on the bore/rings with no issue.
Btw I've done the piston dipping trick before with no issue.
I also use motor oil on the bearings.....unless the engine sits a while...even then a priming while rotating the crank takes care of that.