Yeah, it should have some lube dude!
The Associated stealth lube will work fine.
Push out the diff- balls, clean the gear, the diff rings and the diff-balls with motor spray, examine them for pitting or deep grooves, and then if everything is in good shape put a dab of diff lube in each hole that you have a ball for.... and re-assemble. When the diff is right, you should just be able to spin the spur gear while holding the rear wheels, but final adjustment must be made after testing the car's launch on the track.
Don't worry about the wobble, they all do that. :-) really!
As far as the 64 pitch, yeah, you can run a closer gear set(ratio wise I mean) and like you pointed out, it is smoother, and possibly(though I've never weighed them) lighter.