I use it full strength to degrease.
There are those who say it will mess up anodized parts. I have never had that trouble, but I keep it on the parts for a minimum amount of time. Rinsing with hot water seems to speed the cleaning up a bit.
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1971 Paramount P-13 Chrome
1973 Paramount P-15 Opaque Blue
1974 Raleigh Professional Blue Mink
1991 Waterford Paramount
Holland Titanium Dura Ace Group
Holland Titanium Ultegra Triple Group