Dow 111 is a Silicone based lubricant that is chemically resistant (will not oxidise and degrade into nasty stuff) and does not promote fungal growth in itself.
As far as I can tell, Dow 111 is not a fungal inhibitor so it will not prevent fungal growth in a zip-lock, but any surface coated with it, would be protected. But to initiate the fungal growth there would need to be some food in the bag... Just be careful not to put any!
Any carbon steel machined part is typically stored with some kind of moisture displacing, corrosion inhibiting lubricant/compound. There might not have been enough on the above parts. Also I would not assume that the compound used to protect the burrs to be food safe and would season them thoroughly before use.