Brian, this is strictly my own opinion, but I am not in favor of leaving original cosmoline on antique metal surfaces UNLESS it is in some kind of sealed container. I think as the preservative ages, it will decompose eventually and become a wick to moisture. My personal recommendation is a complete, but gentle cleaning and then relubricating the items with modern rust preventive grease (Rig) or wax (museum wax) as a new start on their continued long term preservation and storage.
Some long time collectors might like to see that dried cosmoline, but I am not one of them.
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regards, -John S
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