I'd go with scrubbing bubbles first, and see how that does. I did use WD40 once, but there was visible rust (from a blade left in the razor). If it looks rust free, I'd probably avoid the wd40 unless you can't get it to work otherwise. Less is always best with this kind of thing.
I will keep at it. I think it is going to take awhile. Scrubbing bubbles or WD40 or both? I appreciate the help and will keep you posted. Since its my grandfathers my ultimate goal is replating.