I'm in the process of reconditioning some crank cases right now myself, here's my approximate plan:
1. Soaked in engine degreaser, both halves, inside and out. Let sit several hours.
2. Bag up parts, off to the local carwash.
3. Foam brush, pressure wash, rinse. Be careful not to fling your parts across the carwash with the pressure washer. Put down a towel to protect the mating sufaces.
4. Return home, dry thoroughly.
5. Strip old paint. Aircraft stripper works wonders, but wear gloves and a mask, this stuff is powerful. Could have done this first, but removing crud makes stripping paint easier. Apply stripper, allow to sit 20-30 min, brush firmly with brass brush. Rinse. This should get you down to bare metal.
6. Re-clean thoroughly to remove all paint and stripper residue.
7. Inspect and clean all tapped holes. Use long brushes to clean all oil passages and galleries.
8. Inspect and clean (and if necessary, hone) all mating and gasket surfaces.
9. Send parts to be hot-tanked. Afterwards clean with residue-free cleaner and dry thoroughly.
10. Mask and paint with two-part engine enamel. Cure paint.
11. Final cleaning of all holes and surfaces.
12. Begin reassembly.
best of luck
mystic_1