I was thinking i'd just spray it with some brake cleaner and hit it with an air compressor. Is it ok to spray brake cleaner on this pump?
Maybe. But I would just use wd40.
damn thats scary... if i were you wikdslo i'd replace all the brake lines just to be sure.
If things are really rusty down there I would replace them. Often rust is hidden behind the undercoating. Steel lines usually start to ooze slowly as they fail. Rubber flex lines can fail explosively sounding like a gunshot when they fail. They only fail when you need them! Replace them if they are as old as the car. Replacing the steel lines is a snap. You may even be able to buy the preformed lines but making them up is no challenge. It is a lot cheaper too. Get the bulk 25' roll of 3/16" line and a couple of adapters to mate to the female metric threads at the m/c and proportioner. Be prepared to come up with a new way to fasten the lines to the underside as those little fold over tabs will be history. You even get to learn how to use a flare tool!