Not a lot of hard data to answer your questions. There are a few small studies from 40 years ago - too small for any statistical power - so expert opinion is all you got. Many non-experts will ridicule the expert advice. You need to make an informed decision about what you will do.
Long-term storage is no big deal, unless you have water in your cylinder. Water causes corrosion, which can be especially problematic for thin-walled steel cylinders. The ONLY way to tell if your cylinder contains water, and is at risk for developing a problem, is to drain that tank and inspect the interior.
Alternately, analyze the gas of your cylinder before use. If there is any drop in O2 or rise in CO, then you have a serious corrosion problem inside. If your O2 is fine, then your tank was probably put away dry. There is one recorded death from low pO2 caused by corrosion - but the tank was so poorly maintained, and was way overdue for a visual inspection, that a similar scenario is unlikely to happen again.
After one year of storage, drain the tank and get a visual inspection.
Higher pressure = higher pO2 = accelerated corrosion, so if you have a choice store the tank with only a few hundred PSI. As far as the tank itself is concerned, if the cylinder is still within hydro then storing at full pressure is not a problem as long as there is no moisture in the tank.
The bottom of the cylinder is thicker, so store the tank upright - if there is any water then the corrosion will be focused on the thick base.
Aluminum cylinder storage is much less complicated.
Again, much of this expert advice is based on old, small studies from 40 years ago. The studies were too small to have any statistical power, but a "common sense" review of the studies leads to some logical conclusions that form the basis of expert opinion.
Bottom line is that the current recommendations for cylinder inspection and maintenance schedules are based on decades of problems, explosions and deaths. If you take care of your tanks, then many of the problems that have occurred in the past will be very unlikely to happen today.
http://www.scubaboard.com/community...er-long-term-storage-fact-and-fiction.260189/