I did more looking around. I checked the PH of LMF I have on hand. It is acidic.
We know it has copper in it based on it plating the substrate if you rub. So, copper and acid. OK, checking resources, Angier's book
p. 65 Aa 14 copper sulfate and hydrochloric acid, alcohol and water.
Aa. 15 same but contains nitric acid too.
Ab.1 adds zinc chloride.
Dunlap's book p.388 Hydrochloric acid, nitric acid, ferric chloride, copper sulfate, water.
I have used old formulas that contained mercuric chloride (corrosive sublimate). Do not do that, it is a potent neuro toxin. I highly doubt that LMF uses any mercuric chloride.
While experimenting with quick blue formulas, I found that stannous chloride and ammonia nitrate (or potassium chlorate) in water made a good hot blue. It worked like the old formula Birchwood Casey, which I understand contained mercuric chloride. Also zinc chloride seems like a possible substation for MC.
Based on the after rust, I think that hydrochloric acid is part of the formula. I have a browning job in my near future. I use LMF. I will put the barrel in a piece of PVC pipe and flood it with warm water for a while and see what happens, then report back.