How about some input from you "Blast-xperts" out there on different blast media, cuz in addition to the various grades/grits of sand & soda - there is also plastic beads & walnut shells (ground to different grits)?
I'd heard that bead blasting can warp the sheet metal, as with sand blasting (Dr.914 George/AA on latter), so it's best left to thicker metal parts & not bodywork. Both also leave too much roughness on the surface for most applications.
Whereas, the walnut shell media can supposedly be ground into a wide range of grits from soda to sand comparable grits, but I would think that the shells would have more "give" & be a bit "softer" particles, than are either sand or beads. Anyone used this media to do their bodywork?
I'd also read in a Hemmings S&E resto article a couple of months back, that soda blasting won't remove anything but the lightest of rust (as well as some heavier/sturdier paint as noted in another post above), so you have to go to a more abrasive media.
George/AA & most auto paint shops (even our house painter for our 1921 Calif Bungalow) recommend against chemical strippers, mainly because you cannot be sure that you've "killed" & removed all of the stripper from the cracks & crevices, such that it can work on the paint from underneath over time in those places where it's "hiding".
There are also the toxicity problems with chemicals in terms of kids, pets, you & your help, plants, clean-up, disposal, etc., etc. - assuming that you can get it in your area. Those strippers still available today are "de-tuned" versions & supposedly don't work as well as the old days' stuff.
On the other hand, SoCal Andy with the restored yellow 72 in the cars of the month said he used it so he could do the stripping himself at home, & has had no problems with it (perhaps only so far, if the other gurus are right - or maybe he's just lucky).
There is also the wire wheel & brush on power hand tools (drill, sander, buffer) for stripping the paint, rust & tough stuff as another option to what you mention.
FYI - Hemmings S&E actually had an actual article in their Feb 2010 pg 66 issue on pot blasters & soda.
BTW - HF has a bunch of 20% off one item ads out in various publications & online right now, so you & some friends can probably get the whole set-up for 20% with multiple purchases & reimburse your family members & buddies!
Thanx for asking this question! I'm trying to figure this out for my resto too, as are others on 914world too!