crackerman said:
Can I throw them in some carburetor dip and let them soak over night?
Yeah, that's the ticket. That will effectively ruin every rubber part so that then you can finish taking them all apart and rebuild them.
Seriously, don't soak them in anything. Brake fluid and petroleum solvents are not compatible with one another. You can use some non-chlorinated brake cleaner spray. Don't use the chlorinated type. Not only is it really dangerous and extremely toxic to have around the shop, it almost instantly ruins any rubber part it comes into contact with.
Remove the piston from the caliper. Clean out the bore with a rag. If there is corrosion in the O-ring groove, remove the O-ring and clean the groove. I have reused the O-ring and any other seal or boot when I had to, but the best thing is to replace all the rubber parts. They don't cost that much. DO NOT lubricate the piston with brake fluid when you put it back together. Brake fluid on the outside of the seal will attract moisture, and cause corrosion. Use Permatex Ultra brake and caliper lube.
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Coat the inside of the caliper bore with a light film of it, and put some in the seal groove before installing the seal. Lightly coat the piston, and insert it.
Master cylinder is a little trickier to take apart. You need a snap ring pliers that is just the right tool to get the snap ring out. Also, the dust boot around the master cylinder piston rod rarely tolerates removal without being destroyed. If the master cylinder was working OK, just flush it out with brake fluid and hope for the best. I have seen master cylinders that were loaded with crud that were still working just fine. Whenever possible, I try to get a rebuild kit for them and rebuild them, but I am a master mechanic, and don't get frustrated with the difficulty of getting that fucking snap ring out.