Got to say, my workshop for the last 15 years is unheated (rental) and all I do is oil them normally (1.5HP J2 Bridgeport, 6500 Colchester-Clausing 13" lathe, 42ton Uni-Hydro punch) and cover them with a Cotton Canvas tarp (the off white painter's drop cloth type). They just drape across, no clips or anything. Remember you can only minimize the column of wet air above the cold steel. Unless you have a breeze additional damp air is not going to go under the tarp.
I looked at the shaper E-head on my Bridgeport the other day, it has been covered the whole time as I have not needed to use it, and there are only a few little dots of rust on the clapper and none on the slide, the way oil was dry but was still protecting it.
I looked at the shaper E-head on my Bridgeport the other day, it has been covered the whole time as I have not needed to use it, and there are only a few little dots of rust on the clapper and none on the slide, the way oil was dry but was still protecting it.