Axilo Mix 5 (0-0-0) is used for correction of micronutrient deficiencies, it would not be the same as aerating your lawn which is mainly done to alleviate soil compaction.
The rates for Axilo Mix 5 (0-0-0) on turf are .25-2 lbs per acre in 40 gallons of water, which would break down to .006-.05 lbs per 1k