I've done everything short of electrolysis to used tools. For something like that which is perfectly functional as is, that you just want touched-up a little, I'd go the easiest way: naval jelly or vinegar rag. Neither require submersion. With naval jelly, just give it a heavy coat of the pink stuff and a place to sit a while. Then wash it off in the sink and hit it with some oil. Or soak a rag in vinegar, wrap up the tool for a while, then rinse and coat it. I prefer total submersion when I have several items to work with...it takes a while and often uses a lot of rust-stripper.
My thoughts on materials -- evaporust is the best (and it's priced accordingly). It strips just as well as the others, but it protects against rust too. Vinegar is very good, but it takes some time. The naval jelly is good because it works okay and is very easy. The same could be said of molasses (used just like naval jelly), but it's obviously a pain because of how sticky the stuff is.