I have applied it to steel but not engraving.
to make it stick you need a glue, size, obviously you need to use an oil based rather than PVA. I use Japan gold size (windsor and newton) gold leaf is suprizingly cheap about £12 for a wad of 25 sheets 2" square. it come in lots of different grades and colours but two main types. Transfer which is the leaf backed on a paper sheet and Loose.
Ive only used the transfer but I think to get into the crack of engraving you would need loose. What you do is apply the size, let it dry till it is tacky then apply the gold. if your using transfer it will peel away from the backing sticking to the surface.
To use a loose sheet you have to pick it up with an electrostatically charged brush, ease the sheet on and then I guess in your case brush it into the cracks. Im sure it would be very easy to make a mess of it! if you want details of a supplier let me know and I can check at work tommorrow.