I picked up a 2000 IS last year so that my son and I could take a bike trip last summer. The trip was great but I am just now getting into the rear end. Recent rear end service by dealer during tire change per previous owner.
I've had my Standard apart a few times but can't say I've seen some of the redish hue that this one presented as well as the same level of wear. I was pleased to see a good amount of moly paste and grease in the appropriate areas. Just not sure it was there before that last maint.
Also noticed a busted muffler hanger stud and one stud on the exhaust header bolt.
Here's what I've got:

Note the broken hanger bolt to the left and what causes the rust red build up?





A few of my questions or concerns:
First, anything look too bad?
What's the rust-red build up or staining from?
What a good cleaning chemical to remove the red and any other grease paste build up on the parts?
Does the exhaust header stud merely unscrew from the head or...?
What about an exhaust hanger stud/bolt fix?
Thanks in advance for your feedback.
