There's lots of argument online for and against using it, on the grounds of it altering bolt torques. I read somewhere that these copper based greases are designed not to lubricate too much and so don't effect torque that much. How true that is I don't know. I suppose you could also make the argument that torque values are with new, clean components, so if you (re)use a bolt with a rusty thread that might give an undertightened bolt.
Some makers apparently recommend the use of copaslip on wheel bolts (which seems to be the biggest bone of contention), and some others have apparently recommended it in amendments to service sheets.
As with a lot of things like this it seems to me that either way is wrong!
Yes, it definitely reduces friction, leading to a greater tension in the fastener than the designer intended. Also, yes to the fact that the tightening torques are determined using new, shiny, plated components, so once rusty, the quoted values give a lower clamping force anyway. I have ONCE stripped a generously Copperslipped, brand new bolt, but it was a fine threaded one. Also, I was doing it up to the top of the quoted range of permissible torques. Normally, I don't torque bolts unless they're clamping a gasket. Increasingly, these days, manufacturers are just quoting a low "seating torque", plus a number of degrees rotation of the fastener head to get round the problem.