as HungryHorse said, fire lapping may benefit your bore.
Process is used by some cartridge shooters on modern steel barrels by using soft, cast bullets rubbed/impregnated with abrasives. Fired at low pressure/velocity appeared to clean up rust pockets and eventually enlarged both the groove and bore diameter, thereby reducing the pitted area left by the rust. It might also slightly round the corners of the pitted areas.
Keep in mind the rust has already caused a pit in the metal, so all you are doing is removing the oxide above the surface, but the pit remains. Polishing is removing the surface around the pit, thus smoothing it's surface appearance by lowering the surrounding surface to that of the pit.
As an anecdote, I've had several ML and modern cartridge barrels that were visibly pitted and shot well ... and some pitted barrels that didn't. I don't know the magic of this.