Wood in contact with metals - any compatibility issues?

I've recently acquired an old lathe, with lots of tooling, and am considering my options for racking the collets, chucks, and other accessories.
Is there any guidance on what woods, if any, can be safely kept in contact with precision steel bits, that won't cause or enhance corrosion? I was considering plywood with lots of holes, and an oil finish (boiled linseed oil). That means the glue in the plywood is also a possible issue.
There will be lubricants in contact with these parts, so oil-resistance of glue in the plywood is another possible issue.
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Hard to go wrong with maple, beech, birch, or mahogany.
I'd stay away from oak and cherry, probably walnut too, due to tannins in the wood.
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Plastic bushings.
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On 11/6/12 3:16 PM, whit3rd wrote:

Oakrust will disintegrate anything with which it comes into contact within several months.... or is it seconds?
--

-MIKE-

"Playing is not something I do at night, it's my function in life"
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wrote:

I knew that was coming.
Mike M
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On 11/6/2012 6:49 PM, Mike M wrote:

It was not a matter of "if", but "when", right? :-)
--
"Our beer goes through thousands of quality Czechs every day."
(From a Shiner Bock billboard I saw in Austin some years ago)
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On Wed, 07 Nov 2012 14:10:20 -0600, Steve Turner

Really should have just given him a drum roll.
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On 11/7/12 2:21 PM, Mike M wrote:

Hey, I didn't start the fire. :-p
--

-MIKE-

"Playing is not something I do at night, it's my function in life"
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<<...snipped...>>

--
There are no stupid questions, but there are lots of stupid answers.

Larry Wasserman - Baltimore Maryland - lwasserm(a)sdf. lonestar. org
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I have found walnut to be very friendly to steel. I think it might be the oils in the walnut.
You can also seal any wood with shellac for a safe contact patch.
On 11/6/2012 4:16 PM, whit3rd wrote:

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