You dilute Bug Squash 3:1 with water which makes it cost effective and it just plain works great . I have not experienced any issues with it degrading my synthetic sealant or ceramic coating LSPs. I don’t think you would have a problem with any of the more durable waxes (like Collinite) either. You could always dilute it down further if necessary.
After first trying Bug Squash a few years ago, I have had no need to use anything else.