I am completely new to leather
Yes, it's a conditioner too (!)
It soaks into to dry parts that need it, and glazes off the parts in good shape.
Repeated applications darken the areas with each pass, according to the manufacturer, so I vote gray.
An additional note, I had bought Meguiar's Ultimate leather balm and applied it a day after the color balm. It pulled up some color (very little), but I am not worried at all since the leather is so dry and willing to accept all that it's given, is not pulling up now, and we won't be wearing white pants any time soon.
Leather Honey seems to get a lot of buzz in reviews. I'd like to try it.
Hope that helps. Thanks for all your help.
check ny cl for 256