Got the barrel de-parked, starting with a fine steel wire wheel, followed by 400 & 600 grit W&D paper. After this, polishing with a sewn cloth buff and black/grey abrasive polish.
Then on to the instructions with the Mark Lee Express Blue (thank you Budget Shooter Supply): a good soak in lacquer thinner, followed by a strong Simple Green solution before beginning to apply the rust blue. It's fairly straightforward: heat the metal to about 150º-200º F (I used a heat gun on low), then wipe the rust blue on with a cotton pad, wait for it to dry (~30 secs), apply a second coat, then submerge in boiling water for 5 minutes. Remove from water, dry with paper towel or air compressor, and buff the rust off with a piece of fine steel wool (previously having removed any oil with laq. thinner or acetone) or, as I did, with an extremely fine Grobet stainless wire wheel from Brownells:
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Repeat heating, application, boiling and buffing until desired depth of finish is achieved. Mark Lee suggests it could take 6-10 but I stopped at 5. The final bit of business was to neutralize any remaining acid solution; I made up a solutionn of bicarb. of soda and soaked it for a couple of hours, followed by soaking in oil for a couple more.
The factory polishing, prior to parkerizing, was "military grade" and I didn't try and get the finish to S&W civilian grade (as if I could anyway!) as the rest of the revolver has quite a bit of wear and tear. I think it came out pretty well for a beginner. I tried to be very careful buffing around the letttering.
Here's the top of the barrel after polishing off the parkerizing and after bluing.
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Next will be to get Peter at Rusty Wood to pull the original barrel and replace it with this one. Eventually I might get really brave abd refinish the rest of the revolver....