I would use something different than FP10 though. It's a fantastic lubricating oil but a lousy rust preventative. Don't believe me?
Take a few common nails and clean them up. Lube each nail with different brands of gun oil. Next, drop them into small containers (baby food jars etc) half filled with water. Allow the nails to be exposed half to air and half into water and set them on a shelf.
The FP10 nail will be rusted in a few days. Hoppes fares better, but Outers oil and Breakfree CLP will go nearly two weeks. In that two weeks, the FP10 nail will be a glob of brown slime at the bottom of the jar.
After seeing that with my own eyes, the FP10 went into the tool box to lube sticky drawer glides and squeaky hinges. There it worked very well.