What do you guys use to polish metal bits?

Like trigger components, hardened sear, etc?

Are these a good choice for my rotary tool?

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For trigger sears, I use a ceramic stone I bought from Brownells about 30 years ago. Have EZ Lap diamond tools in different grits I use for faster material removal. I don't use a Dremel too much for polishing but the selection you have there would be good. Cratex makes some rubberized abrasive grinding forms for Dremel , hand, or bench grinder in different grits . I use those quite a bit, especially I keep a very fine one on a slow turning bench grinder to do quick sharpening and semi fine polishing .

Bob
 
I'm a knife maker by trade and have polished a ton of steel to a mirror shine both soft and hardened. I find the best method is to wet sand to 2000+ grit then use the green chrome compound on a sewn wheel. Those felt bobs should work for what you're trying to do though. After buffing with green, use a clean loose wheel or a clean bob. The blue is usually a little finer than the green compound for metals like steel so you can repeat the process with blue for a higher shine if needed. You just want to check that it is indeed finer as not all compound manufacturers follow the color code. One more thing to note is watch out for rounding off corners you don't want rounded when sanding and buffing parts like that. Using a sanding stick or geswein die maker stones will help here.
 
Trigger components specifically I'm with Loren in that it is critical they maintain flatness. I would also add that it isn't critical they be mirror polish, you actually want top surfaces to be polished but for there to be an underlying scratch patter which retains lubricant. Otherwise, with too perfectly polished a surface, you will essentially "squeegee" the lubricant off the metal and your trigger can get a sticky feel. 

Regarding tools specifically, I'm quite partial to Spyderco's ceramic bench stones and their ceramic file set. They'll get you a great finish, and unlike many of the natural stones out there that function by releasing abrasives into the slurry on top which is what actually does the cutting, on these the stones themselves do the cutting and thus they remain flat. 

https://www.spyderco.com/catalog/category/sharpeners



Just my 2c. I hope that helps. :)