I have seen suggested right here at ALR, that perhaps a water soluable oil is not the best to prevent rust, as it will absorb moisture from the air.
Both Ron and Taylor were in an environment of high humidity (raining for days) when their guns actually rusted after using Ballistol as an after cleaning
and drying their guns, oil.
Taylor was living him his lodge and in hunting camp. He thought at that time, that perhaps the ballistol he got from a friend, might have been contaminated
and thus was not a 'fair' test of the product.
Ron, on the other hand, used a brand new previously unopened can of Ballistol - yet rusted his bore and barrel - overnight while camping out of doors.
Seems to me, he left the cleaned and oiled rifle in the bed of his pickup, inside the canopy.
As to the LHV - I used it for patch lube, never for storing- never had any orange. Taylor loaded a charge and lubed a patch with LHV, left it outside for a week. Upon
pulling the load and patched ball the patch, was slightly damp, the powder was still dry and the patch was not orange, nor was there orange on a through patch afterwards.
From that test, he thought LHV might do as a hunting lube, but for no longer than perhaps a week.