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One liberal application of vaseline worked fine for 40+ years on my great uncle Jim's sword that he brought back from Iwo Jima.

I'm pretty sure what you have is a pure clove oil or nearly so. The stuff I'm talking about is mostly white mineral oil with a small amount of clove oil added. It's cheap and a small bottle will...

I think I'd want to use a dry lube like remoil on the pivot. An oil would collect dust

Find a sword/knife dealer online & get a bottle of clove oil, like they use on Japanese swords. It's actually about 95% mineral oil & does a good job. Cheap too!

You will want to make sure to...

If its from srd then it should have been honed by Lynn & be truly ready to go.

Absolutely! Stainless is just corrosion resistant, not corrosion proof. It'll happen eventually, it just takes longer. Most alloys are still in the neighborhood of 40% to 60% iron


Edit: Maybe...