Yeah I generally do it about once a year. Trouble is, I dont remove te lugs from the shells. The square badge Gretsch from the 80's used these strange sized self tapping screws to affix the lugs. They corrode and should one twist off during removal or get lost, I'd be up a rope! However, I shine the lugs as carefully as I can remaining on the shells. Liquid polish and toothbrush work fine. As for shells they are natural maple. I just use Martin guitar porlftish or regular furniture oil. You are correct. It does invigorate your enthusiasm for the set when they shine like new.
all the best...
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