Tom, I just had two buildings foamed this year, and I am a true believer now. One was a brand new 40 x 76 SteelMaster arch building with an 18 foot peak. I have about 600 square feet of that closed off and finished as offices. The rest is kept comfortable and dry with a very small propane radiant heater and two ceiling fans.
The other was an existing 24 x 30 pole barn which is going to be my shop. I had an inch of foam shot on the whole thing. It eliminated all drafts, sealed up all gaps, stopped all the leaks and now I can keep it at 50 degrees constantly with a small forced air electric heater that seems to run about 10 minutes of every hour when it is 30-ish outside.
I think the biggest issue with rust on tools is temperature swings. I haven't had any rust issues this winter in my shop building, just by keeping it 50 all the time.