Howdy Josh,
Years ago I found a recipe for homemade Kroil and I have used it in my shop since with great results. It is especially cost-effective for jobs that require a lot of fluid.
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Interesting information
Machinist's Workshop magazine actually tested penetrates for break out torque on rusted nuts. Significant results! They arranged an test of all the popular penetrates with the control being the torque required to remove the nut from a "scientifically rusted" environment.
Penetrating oil ..... Average load
None ............ ......... 516 pounds
WD-40 ............ ...... 238 pounds
PB Blaster ............ ..214 pounds
Liquid Wrench ...... 127 pounds
Kano Kroil ............ 106 pounds
ATF-Acetone mix... 53 pounds
The ATF-Acetone mix was a "home brew" mix of 50 - 50 automatic transmission fluid and acetone.
Note the "home brew" was better than any commercial product in this one particular test. A local machinist group mixed up a batch and all now use it with equally good results. Note also that "Liquid Wrench" is about as good as "Kroil" for about 20% of the price.
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You will have to keep the mixture in a tightly sealed container and shake it vigorously before each use but it works!
I have also found that heating the bolt rather than the surrounding area and then letting it completely cool seems to swell the surrounding material and loosen the bite on the item to be removed.
And lastly, I use a heat gun to heat the part for very rusty parts before I apply the penetrating fluid (lots of fluid repeatedly).
Good Luck!
Tom