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wire brush or acetone, reg. thinner
I would wire brush it first, or wire brush on a drill, it'll take alot off and be faster, you can always get some citristrip from wal-mart too, it works great for removing paint.
on those flat pieces like timing cover, valve covers, oil pan, etc. the citristrip would work great, the block and heads where they are dimpled or whatever, they'd be a bit harder unless you want to smooth it all out. Thinner will work, just be more work probably, unless you have a container that won't be effected by thinner, and have a lid, then you might let them soak a while with th elid on so it's doesn't evaporate, then wipe them off.
You sure paint thinner will eat it off??? Paint Thinner is just that. It thins paint for application. I'd be thinking the most it might do it fade the paint color but may not strop it.
Dave, are you aware that electolysis method also removes paint??? It will remove everything. Paint, rust, grease etc. That is why as soon as you take out an engine block or head, you must quickly dry it, and get a coat of WD-40 or something on it cuz it stripped everything off and it will start to surface right before your eyes. And I do mean litterally. It will start to rust that fast you can actually watch it start to rust if you don't get something on it. I like wd-40 because WD-40 will displace the water first and foremost, then will lube the block as a rust inhibitutor.