Rolfkt,
You can do it with out any problems. The rusting may be a little slower due to the tendency for the suface to resist rusting so I have heard. You would wipe off the existing color with naval gelly or polish them after hardening with 320 grt sand paper and rust them up. I always run my screws into a section of hard wood to keep them all where I don't drop or loose them (My old shop had gaps in the floor boards just like Hershel's). If your only running one project at a time its not as critical but when doing two at the same time it gets to be a problem.