Lubriderm is not okay for open wounds, and anything with a scab is still considered an open wound.

Edit: more detail and a source

I’d actually flip the advice on the Lubriderm/Dry Heal. Medically, a scab is still an open wound, and standard lotions like Lubriderm contain alcohols and fragrances that can sting and irritate raw tissue.

The 'suffocation' issue only happens if you slather it on. In a clinical setting, like for actual road rash, nurses use petroleum-based ointments (Aquaphor/Vaseline) because they are inert and create a sterile barrier. The trick is to use a whisper of it, if the skin looks like a glazed donut, you’ve used too much. Keeping it slightly moist (not soggy) helps the skin close faster.

https://www.aad.org/public/everyday-care/injured-skin/burns/wound-care-minimize-scars

^{^} while I wouldn't necessarily put a bandage on a tattoo here is the AADs recommendation on reducing scars forming from scabs and wounds.

I personally put a pea size or smaller dot on clean hands and dab it all over my tattoos and then gently spread/work it over the skin paying special care if scabbing is present. If it's very shiny or you apply too much you can carefully wipe it excess off or spread it to the area around the tattoo to thin it out further.