It now looks pinkish copper in some areas, brass in others and a darker stained shade in other areas on both sides. I just did my best to even it out using everything I could think of short of the buffing wheel or Dremel tool. A couple of the screws had disintegrated heads and were frozen through the whole project, so were left in place. The frame holds together very tightly anyway and now the handle/spool turn like new.
Part of this project was an experiment to see if I could reduce the heavy corrosion of the screws and get that blackened crud off the screwheads without resorting to major abrasives. After the initial soak in mineral spirits and vinegar solution/ultrasonic cleaning and more scrubbing, the crud was still there so I decided to soak everything in Quaker State 10W30 for 3-4 days. A lot of the black stuff fell off the screws during that oil bath but motor oil (at least this one) is a smelly thing to have open in the house, so I won't be using that process in my man cave in future.
One of my lessons learned is that if you try to clean one of these old relics with more than a damp cloth, you can easily get into trouble! This is because the crud starts coming off significantly in some areas down to the original finish but not at all in others. So it looks like a cheetah, making you want to scrub it more and more.
Now I feel I am at the point where I am stuck in between too much and too little cleaning/polishing but decided to stop and put it it back on the shelf as is. I'll let nature take its course re-oxidizing for the next custodian.
BEFORE

TAKEN APART AS MUCH AS COULD BE DONE SAFELY

ARMED WITH 10W30

NOW





Thoughts and comments welcome.
edits: removed erroneous ref to Mobil 1