If you're going to cod liver oil route, just switch to bunker oil and all your problems and questions are answered about the fish attracting abilities ...
.... but I would not taste it or use it on my reel or any mechanical type stuff ....
Yum Yum
"It was the blackest night! There was no moon in sight! (You know the stars ain't shinnin cause the sky's too tight) "
"Sometimes you eat the bear and, well, sometimes... the bear, he eats you." _____________________
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Sturgeon fishermen on the Columbia River in the Pacific Northwest use it on their baits, claim it works. I saw a study done on it, they found no real difference. Stick to what ever gives you confidence, and it will help.