Yes, but it will also get to the brass parts. I don’t know if Ospho has an undesirable effect on brass, but I would try it first on something you don’t care about. Or ask someone in a better position to know. @kerophile ….Arch
For now I am happy with the results I have from sanding. I plan on using this some, so perhaps using it will stop the rust from spreading.
It won't, because you are adding 5% water with your 95% alcohol. Make sure to burn the stove out. Any time you light it, allow it to burn until dry, to extinguish itself. This will dry it as much as possible.