Hi,
Sandblasting is still easily the best way to clean those parts up, because it also goes a long way toward prepping for new paint, better than you can ever do by hand or with power tools. It really speeds up the process and the end result is worth it.
A final wipe down with some lacquer thinner is usually all that's needed after blasting, before painting. I avoid using acetone and mineral spirits, because I've found both to be incompatible with rattle can engine paints.
I have both a cabinet and a free-standing siphon (a pressure blaster is better) and don't know what I'd do without. I've used all sorts of cleaning methods over the years and blasting is a huge savings in time and effort. Yes, a good compressor is useful for many things.
If you happen to decide to "go for it" and get into sandblasting, it's just as important to protect many areas on suspension from the media, as it is to clean others. Don't blast any polished bearing surface, such as trunnion shafts and axle spindles. Rubber, rubber cement and some types of plastic can be used to cover and protect areas that must not be blasted.
An alternative is brake cleaner in spray cans, as already mentioned. It *will* remove many types of old paint. As noted, it's superb at de-greasing. Even so, I always wipe the part down with lacquer thinner before painting. This is "second best" to blasting. Do wear gloves when using this stuff, and work outside with plenty of fresh air. It's pretty potent! Brake cleaner evaporates very quickly, leaving a surface nearly ready for paint. But, because it doesn't have the "tooth" created by sand blasting, the new paint won't stick quite as well.
Another advantage to media blasting is that it gives an ideal surface for powder coating, if you ever want to do that. Powder coating is a really good, durable finish on suspension parts. Lasts far longer than paint. I have thought about getting one of those small PC systems from Eastwood, but haven't yet. There are many industrial powder coaters in my area who are happy to take in small jobs to fill in gaps in their production schedules. Hard to justify buying the gear unless I see myself retoring more cars in the future.
One concern about powder coating is that it can hide cracks or other potential problems.
This is another very important thing with suspension parts. Look them over very closely and carefully for any sign of cracks or damage. A failure in a suspension part can be catastrophic. Ideally, these parts should be Magnafluxed or put through some other type of crack detection. But, for a street car that's driven gently, very careful inspection might be enough.
I regularly replace all bolts on suspension with new, at least Grade 5, preferably Grade 8. Never reuse Nylok nuts. There are lots in a TR's suspension. Replace with fresh, new nuts. These don't have to be higher grade, but it would be nice if possible (Gr 8 Nyloks are expensive).
I usually use a low-gloss black engine paint on suspension parts, then coat with a semi-gloss clear engine paint until I get it just right. The reason for engine paint isn't heat resistance, but resistance to oils and grease that are always on these parts. It holds up pretty well.
Have fun!
Alan Myers
San Jose, Calif.