Just like all cast-iron surfaces, achieving the "new " probably isn't as difficult as maintaining them to look like new. This is when all available "choices" may help for various environmental/usages a project may be exposed to. In a perfect world, there is no humidity and a restored vehicle is placed into a museum.
Personally, I like cleaning all of the rust off of items such as exhaust manifolds, brake drums, rotors and the likes and coating them with a suitable high-temp cast-iron colored paint followed by machining the surfaces that were originally machined.
I believe the reason that many brake drums and calipers with styled steel and or mag wheels (Shelby) were slathered in black paint was because even before the cars could be sold, those cast iron surfaces would often be rusted and ugly.