Another EVAPORUST vote.

- Just remove and soak the components in some water and simple green HD cleaner for a few hours. Rinse the components and give a quick scrub with a soft bristle brush. This will remove the dirt and most of the grease.
- Submerge the components in EVAPORUST for 2-12 hours depending on how rusted it is. Check after 4 hours if they are very rusty. You can rub with a towel and remove most of the rust and see how much is left. That removal will help the process go faster with what rust remains too.
- rinse the components under running water and towel dry.

This process is not labor intensive and it produces great results. I have always been hesitant to take steel wool to painted frames and components due to the scraping.

As for the frame- I use a different process than others in this thread. Soak 20 paper towels in EVAPORUST and wrap them tightly around the frame and fork. Cover everything in plastic garbage bags and let sit for 12 hours. You can remove the frame and fork, rinse with water, and towel dry. If there is any rust remaining, just spot wrap those areas. I have never had paint or logos come off with this process. The paint isn't scratched like it is with steel wool.
tips-
- cut different sizes of paper towel to make a snug fit around where tubes meet.
- make sure to wrap tightly. space between the towel and frame does no good.