For a balm, which I typically only use during the winter, I'd have to say no menthol. I only like the feeling of menthol in the summer when it's real hot. I tend to stay away from mentholated products in general.
I ve never thought of mentholated balm. There is menthol is so many other products and balms i have tried are not mentholated. If not neutral. I’ve been using nivea shave balm , and/ or recently self made post oil/ serum But like Johnnyflake, I can add menthol to any product. I think of shave balm as denouement and have become accustomed subtle tone and ideas, more often neutral, Yet soothing, the quiet player in the ensemble. Nonetheless I would be willing to try it with and without. If vote is necessary then without
They also do it in Key West. They ham it up because its about as cold as you alls water gets in the summer.