Yea, I've heard some recomendations about spraying down engine blocks with a corrosion inhibiter, (crc, wd-40?). Again, mostly about inboards, or i/o's. Imo, I would only use something like that for any exposed bare metal surface. Anything that's already painted, anodized or coated, I wouldn't. I would simply touch up with paint. Some of those lubricant/corrosion inhibiter sprays can actually eat away paint, attack certain plastics and god knows what else. As a matter of fact, wd-40 is great for removing stickers and labels, (eats up the glue), lol.
Now as far as actually lubricating certain areas of the engine... yes. You want to dab grease on any linkage connections, (shift, throttle, choke, etc.). There are also several grease fittings, (zerk) you want to hit them 2, maybe 3 times a year, (as well as winter lay-up). The one for the shift mechanism is the toughest to get at. It's burried behind the shift and throttlle linkages, in the center area. Check out your manual.