I've always preferred Mother's Mag and Aluminium polish and a rag. A little bit of time and some elbow grease produces outstanding results. It's easy to use, put a little dab on the rag, rub it in and it will start to turn black (that's the oxidation coming off). Then move to a clean part of the rag and buff it off. When the black stuff stops coming off, your part is polished. I like to use an old cotton t-shirt as they're cheap and readily available.
I tried doing it with the buffing wheel on the dremmel and to be completely honest, I wasn' exactly satisfied with the result. If you're not careful, you could end up putting odd marks in the surface of your piece. Plus you need several wheels to do one job. The buffing wheels clog up fast and in order to get a high shine, you need a really clean wheel.
-Fred
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