I wouldn't put oil inside the camera, particularly on parts you can't remove to clean the oil away again. Wet-n-dry paper would be better than sandpaper, and Micro-Mesh would be better than wet-n-dry. Start with a coarse grade and finish with a fine grade, polish with a metal polish afterwards. Test with your wife's finest denier tights (or stockings) by rubbing them across the rollers and if they snag you've still got a burr. Then explain everything to your wife as best you can.