I would leave the wheels alone or refinish as close to original as possible.
You have a 26 year old bike with 3K miles on it; the more you detract from original; the less desirable it becomes,and these were pretty rare to start with.
You have not decided if the bike is a keeper yet.
Individuals will offer different views but you asked for opinions!
There is no steel on the frame,s/a or subframe to rust;they are all alloy.
Jenolite is principally used on ferrous metals to convert iron oxide (rust) to a more stable compound using phosphate.Looking at their website;they do have some new products which you may be referring too.
Be very carefull of chemicals on these frames;they stain and discolour very easily. Even cellulose thinners can do a lot of damage and that is very mild compared to many products claiming to clean alloy.
You have a right job on trying to remove the patches of corrosion whilst trying to retain the brushed finish.I no longer attempt it on the 1000r's.
I tried many processes;none were satisfactory,fortunately I have a spare s/a in much better condition.
Perhaps a dremmel tool with a steel brush applied local to the damage gave the best results,but it looked so much like a patchwork quilt that I relented and stripped back to clean alloy.
The subframe will probably benefit from refinishing as the paint on the alloy will surely be bubbling in places.
The fork legs need sanding or similar first to remove the outer layer of oxidisation before buffing.
The outer surface hardens and resists polishing once corrosion has reached that blackened "worm trails" stage.
When you get him to paint the screen; the black also goes up the sides to mask where the fairing overlaps.(unsure if you still have the original !)
I have no experience of those paddock stands.Can you adjust the front one for width?
The rear V and square fitting type on the one shown is good for single handed use,much better than the round pivot type. I prefer a pin system for the front that goes inside the fork slider.
For major jobs such as s/a swaps and fork removal I use this.
