The "L" behind the alloy designation stands for Low Carbon, it has nothing to do with lead. Stainless is non ferrous, so lead is not used. There can be a K or there can be an N as well and each stands for low phosphorous or nitrogen .......316 L or just 316 for yur use would be imaterial as its all to do itiwh its physical strengthproperties and welding ability....its corrosion properties are the same. Lots of stainless steels are suitable, and its not so much the stainless that papears to rust as it is the surface contamination from when it was made. All stainless will show what wappears to be rust or corrosion, but its not. Unless the stainless was passivated after manufacturing it, or fabricating the item, it will exhibit signs of rust.......Passivation is the chemical process of cleaning any transfer of material from fsabricating tools or process of the surface of teh stainless. Passivated eliminates any rust potential. Take a piec eof stainless steel and use a stainless steelwire brush and brush it really good. Then take a carbon steel wire brush and brush another area well.....place outside and see what area gets rusty looking..the section brushed with the carbon steel brush will as it transfered carbon steel particles to the stainless steels surface.....Same thing that happens when drilling, turning, machininig, forming etc..It needs to be pasivated........Best corrosion resistent stuff is 17-4PH stainless steel, but its pretty darn pricey.