Any sticky fat will do. When I first read the description of these things in a book, it was stated that dog fat was used where the author first saw them.
And yes, it is about as bulky an item as you can think of for firelighting. And magnifying glasses are about the slowest. I don't think it has a place in a PSK or even a smaller pack, but in a larger pack, the smaller polycarb ones might have a place. And as a long term household item, if you have one, you're set. You don't have to reinvent the firebow to conserve matches. :P
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-IronRaven
When a man dare not speak without malice for fear of giving insult, that is when truth starts to die. Truth is the truest freedom.