I suppose I'll try the wet-sanding approach tomorrow. Tried the lemon oil and 0000 today, and while some of the luster is back, all that's been done is the restoration of some of the color on a alligatored surface. Now, that being said, I laid a door flat on the table, and squirted Old English on it until the lemon oil completely covered the surface. It looked great! Like my 1968 Grundig console, Piano gloss finish.

IF I could achieve that, it would be awesome!

Over the course of an hour or two, it seemed most of it was gone, with a thin coating still on the surface. Has this been absorbed, or has it simply evaporated?
How do you folks recommend doing the inside of the lid? Everything is alligatored, even the inside of the doors. Granted, it's not as bad, but doing the outside will make the inside look awful. The motorboard and such look just as bad as the outside, but the inside of the lid isn't terribly bad.
Saving America's Acoustical History, One Phonograph At A Time...