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Default Restoring old shop equipment

Put a post over on Old Wood Working Machines forum www.owwm.com That's
were the experts on this subject lurk.

On Sep 4, 6:54*am, wrote:
I inherited some old mostly craftsman workshop equipment, all about 55 yrs
old and unused for the past 10-15. *I plan on starting cleaning them up this
long weekend and would like some input on the best methods. *besides blowing
out dust, etc, the main thing i have to do is remove rust:

work and fence surfaces have a fine covering of rust, no pitting. *appears
pretty minor but covers the entire area - whats the best polishing or rust
removal solution and method to use?
jointer blades feel sharp, but the rotor base and the blades are rusty. *is
there any real reason to clean them as long as they perform well?

stands and casing is all metal, cast iron i assume. *there are areas of rust
on these surfaces as well, but not as widespread. *if i spot treat the rust
i will need to repaint - is there a prefered type and brand of paint best
suited for this?

a poster in a previous post about motors suggested looking for oil ports on
the motor shafts, i will be looking at these as well.

thanks in advance.