Jon, the handles and wheels on my ML7 were in a pretty bad way with flaking chrome etc, plus several exposed steel parts on the crosslide and tailstock,
After stripping down, removing paint and degreasing, I shoved the lot into a very hot citric acid mix, they came out squeaky clean in a matter of hours, you need to dry, polish and coat them soon after washing in clean water otherwise they'll rust again immediately,
If you can't attend to them straight away, leave the parts as they are straight out of the acid, the fluid will dry and protect the surface stopping rusting, but as soon as you wash them they'll rust if left,
For the handles and handwheels to get the bad chrome off and pitting out, I shoved mine in another lathe (the Myford was stripped) and cleaned them up using 180G production paper to get the real grot out, then worked up to 600G W&D finishing with a scotchbrite pad then general oil, the centres of the wheels got ordinary grey paint.
If your headstock is still in business, you could still use the chuck for that sort of gear.
The acid is dirt cheap typically £1 for 250G of crystals, and safe, you can shove your hands in it but not advisable if you have any cuts, it's also safe to chuck down the drain when done, if you leave it in a tank it'll grow big gobs of mould on the surface so don't leave it hanging around.
I bought a 30 litre lidded plastic storage box to do my stuff, everything goes into it now, from tools to car suspension and brake parts, I've got a grit blast cabinet but never use it now, this is far easier.
John.