why not? it does inhibit air/moisture exposure the magic compound in the product you've linked doesn't cover the entire surface of the part you wrap in it, and

why not? it does inhibit air/moisture exposure the magic compound in the product you've linked doesn't cover the entire surface of the part you wrap in it, and it doesn't create a perfect seal, so it functions exactly as that oiled paper I saw did I saw some pretty intricate automotive parts preserved that way. granted, they weren't exposed to the elements, but still - pristine. shiny like factory-new