My answer is "YES, Lanolin/Alcohol works well with .223". Some caveats. You want to use 91% or greater alcohol if possible; this will allow the alcohol to vapor off more quickly. One can use 70% alcohol if nothing else is available but the liquid lanolin will not stay suspended as well and requires frequent shaking, additionally the water content in the 70% means that it takes considerably longer to vaporize off (Lanolin remains behind). Attempting to spray your brass (.223 in your case) and immediately size them will cause some difficulty with some cases; let the alcohol "Vent Off" for a couple of minutes, then size. One could put brass on a plastic sheet or Clear Plastic film and then spray too; I like the RCBS Lube pad because the residual Lanolin remains on the RCBS Lube pad and rolling cases on it works until the Lanolin is depleted on the pad.