I like using electrolytic de-rusting Bill.
It's simple and cheap to do (assuming you already have a battery charger) and it will not damage the part any further than the rust has already done so (e.g. pitting). It will also tend to loosen any paint that is already flaking. A good scrub with a very fine wire wool will usually clean things up nicely.
Dry the part and prime it quickly before it re-rusts….
Regards,
IanT