Man, oil topics can be touchy....here are some of the answers I got to some questions I asked.
I've discussed this topic with a few clucth manufacturers and also to Bel Ray. BDL, Barnett, Energy One all recommended using Type F ATF with their clutches. Primo Rivera recommended using Dextron ATF, Bandit Machine said Type F was fine but Spectro 80 Gear oil was better.
Bel Ray cross reference chart a few years back recommended their Gear Saver Hypoid 80-90 as a replacement for HD Primary oil...now BelRay has its own Primary Fluid...so I asked them about it....the answer I got is their jug labeled Primary Oil is their 80-90 gear saver oil with a different label on it for Marketing Purposes only.
Then I brought this up to a guy who does Land Speed Record runs with Sporty's about using ATF in the primary and he said altho it will work fine for the clutches it doesn't have the shear strenght to hold up in the primary and when you park the bike all the ATF would drip off the chain and sprockets causing a dry startup every day.
He recommended any 75-90 Gear oil with the Limitded Slip Differential (LSD) additive pak in it suitable for wet clutches is what you want to run....good for the clutch and the oil won't drip off the chain and sprockets. He uses Red Line in his LSR bikes and street bikes because it's free for him... but any 75-90 with the LSD additives are fine.
They all said "NO" to running synthetic engine oil in the primary
So, will ATF work in the primary,,yes,,,,will it hold up,,,no,,,,will it damage anything,,,chain and sprocket wear if left in too long, as with any oil anywhere.