I am well along in cleaning and varnish and rust removal of an ancient Buffalo Forge drill press. This will be a working addition to my unheated "shop" so I'd like to coat the cleaned surfaces with something that will prevent rust and have some lubricating qualities. Are the new synthetic greases resistant to drying and hardening? Anti wear hydraulic oils work up to a point, but in an open environment they will tend to absorb moisture and emulsify. I notice on my other machines, chain saw bar oil has fantastic retention and rust resistance, can't be beat on open gears and ways, but very difficult to wipe off when it inevitably becomes loaded with dust and chips. Maybe there is no substitute miracle lube?