When I read this post,I blinked,shook my old grey head,and thought,this must be a miss-print !
From my experience [all of which could be written on the back of a stamp ],I would have to say that this is not the brightest idea I have come across,for two reasons.
A It will not do much for your machine,may even do harm,as others have pointed out.
B I would not even attempt to clean up old discs,or indeed attempt to "repair" anything to do with the brakes on my car/van.. These parts are made to last X miles,no more. Like tires,your life depends on them,so,forget it. New discs are cheaper than a wooden box.
Am now going to make a cup of STRONG tea,while I get over this "idea".