I have a precision engineers block level made by Cooke Troughton and Simms. I got it from a now-deceased friend who had worked for them for many years. He was what we would call today an Instrument Technician.
He told me to always store it vertically (in its box) so that the bubble in the vial was at one end (out of sight) and not to store it horizontally so that the bubble was where you would normally see it when using the level.
I imagine that this way the bubble forms an air-pocket next to the tip of the vial where the seal is. Why would he have recommended this?