Is the OP just asking a general question or is there a specific application in mind? I ask because a CaS grease is not usually used as a rust inhibitor, A lot of commercial rust inhibitors use CaS gel which is a soft CaS material that is an intermediate to the complexing process. The soft gel texture is usually modified to improve film feel, spreadability and durability. Often wax is used to produce a smooth, dry to the touch film.
Regarding CaS grease, they do have excellent innate rust prevention capabilities. However, you can get the same level of protection using 1-2% of neutral calcium sulfonate or blended sulfonates in other thickeners at a lower cost than a CaS grease. For example, you can get an Emcor 0, 1 or 0, 0 rating from an aluminum complex grease using 1% of a proprietary blend of neutral sulfonates in synthetic or real seawater.