RE: Rust
The bearings cannot be cleaned but have to be replaced
The rust will wipe off the aluminum.
The crankshaft can be wiped off
The people that clean the rust from the crankshaft protect the bearing areas before cleaning. Which may involve sand paper or steel wool. I perfer to just wipe off with a rag and solvent.
Be sure and rinse everything well before assembly starts to remove the abrasive rust.