I wouldn't put it in a "bag" unless that bag is made out of oil paper or something. I had an engine that was wrapped in plastic in my shop and it was the only thing that DID rust. Moisture constantly condensed inside the bag. I'd spray it down really good with some light oil or water displacing lubricant and just leave it out in the open personally.
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'69 RS Camaro
'99 SWB Silverado LS "Beater"
'01 GMC Sierra 2500HD LQ4 (Turbo build)
'04 GMC Sierra 2500HD 4X4
My '69 Camaro Build Thread
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Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
Short clips: Goodguys Pleasanton autocross and pit videos
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