I thought I'd revisit this question. Having worked on lawn sprinkler systems that were installed before the advent of ball valves, I deal with gate valves used as a main shut off for the system. Surprisingly, some of them still work fine, and shut off drip-free. Others are not so fine. In the days before ball valves, the most deluxe shut off valve for sprinkler systems was the "sprinkler angle valve" shown here.
I've used gate valves as a secondary system shut off, mounted just a few inches from the foundation. In some instances, the gate valve served as the only valve that was shut for the wintertime, since the copper exited the basement from the same room that contained the heating system, which was good protection from freezing, with any plumbing downstream of the gate valve having an open boiler drain to get rid of any potential leakage through the gate valve. In fact, a (appropriately slow) drip might be an advantage, as it might serve as additional protection from freezing.
Anyway, I recently had to replace one of them, a made-in-Taiwan Watts gate valve they used on their backflow assemblies. What I'm wondering about, is there anything that might have been done as preventative maintenance on a gate valve, such as unthreading the valve bonnet and applying grease to the inner stem, where it threads into the wedge? I have on occasion removed a gate valve bonnet, in order to thread a valve into a tight space, and at that point, it wouldn't be any burden to apply some grease.