Good points, Longbox! I teach all my students to snug wheels with an impact wrench, turned down to a low setting, then follow up with a torque wrench. Anti-sieze- - - -no problem, as long as it's not overdone- - -a little goes a long way. Dry threads don't torque well, so some type of lubricant, even plain old 30 weight, is a good idea to allow for uniform torque values. Powdered graphite doesn't accumulate road dust in the threads like oil-based lubes do.
If anyone chooses to use torque sticks, be aware that when the "shake" point is reached, hitting the trigger again will overtorque the nut. Don't get tempted to go around the lug bolt pattern several times.
As a general rule of thumb, the following torque values work pretty well:
7/16" bolts: 65-75 ft/lb.
1/2" or 12MM bolts: 80-100 ft/lb.
5/8" bolts: 100-120 ft/lb.
Jerry