Yes, the tannin in Oak can cause corrosion.
Most of my measuring tools are stored in a red painted metal tool box, bought from Machine Mart, a very long tome ago.
It has a narrow top drawer which moves to and fro as the lid is opened, and three sliding full width drawers beneath.
The sliding drawers are held closed until the lid id fully open. The lid is closed by two toggle clips, and can be locked.
It has sufficient capacity that when full, it can hardly be lifted by the handle in the middle of the lid.
Rather utilitarian compared to a proper wooden toolmakers cabinet, but it does the job..
Howard