> this stuff
Plain old Naval Jelly.
I never saw it with LockTite's name, but they say "known and trusted for decades" so gotta be the same stuff.
I think it is weak. Never happy with results.
You can buy straight (non-jelly) Phosphoric Acid at the car-parts as "Metal Prep". One stage in getting paint to stick to car steel is to seal the inevitable loose red oxide with harder black oxide.
Go over to Tractor Supply and find Rust Kutter. Again Phos Acid with a trace of gel in convenient spray. If your 1967 tractor has been out in the rain for 48 years you'll find uses for it.
Phosphoric acid is rough on the skin. Not "instant burn", but a slow burn which takes a long time to heal. Wash-up.
Coca-Cola has a small shot of Phosphoric Acid. If you have a car with a real-Chrome bumper, rust-pocked, get a wad of aluminum foil and a can of Coke, rub well. The foil will scrub rust, not metal. There may also be an electro-chemical action here with the Cr, Al, and Coke. The Coke lubricates your rubbing and the Phos Acid seals the rust. Finally you get some Aluminum in the pits which (for a while) looks silvery instead of rusty-red.
None of these will *remove* more rust than a stiff toothbrush would. They convert the soft red oxide to a tougher black oxide which sticks better and won't "grow" as fast. The main use is to get a car surface you can *paint* over, without the rust coming back again every few years.
If it is a rusty amp, rusty because of bad storage or extended damp climate, the obvious approach is to don't store it badly. If you EVER feel damp on the surface, rust won't sleep. I keep a hygrometer in the cellar and dehumidify to 70% RH in the main space, so it never gets to 99% in the cool damp corners. (Not so much for rust but for fungus.)
WD-40 is a mild solvent and short-term lubricant. Just fancy kerosene. It WILL evaporate in weeks or months. That squeaky hinge WILL squeak again (they rely on repeat sales). If it shines your metal, fine, but then take the residue off with alcohol and apply paste-wax or something that will last.