Yesterday, I played around with Evaporust and wiring, specifically a 1966 fuse box that was reasonably rusty. After 1.5 hours, there was little improvement, so I went a full 17 hours (overnight!). There was some improvement, but to tell you the truth, I was very disappointed in the results. I think the issue is that the fuse box clips are cad-plated, nickel-plated, and copper cores, although some appear to be steel-cored. Evaporust appears to work best on steel and iron rust. The Evaporust did not affect the insulation of the wires or the bakelite fuse box itself.
I think I'm going to stick with bead-blasting the fuse box and clips to get rid of the rust, followed by a coating of dielectric grease to prevent rust.
Here are the before, during, and after pictures:
Starting out:
After 1.5 hours:
And after 17 hours: