Both absolutely restorable. I'd hesitate to check the "mirror finish" box when restoring. Why? Those are your great-grandfathers razors. My goodness how cool is that? Would you want them looking new? Maybe, maybe not. Underneath that red rust will be some craters and lines of black pitting, in my experience. It'd be cool to keep some of that in my opinion, allowing the razors to show off the age that they have earned.
Just my opinion.
Me to wife (truth!): "Does she really need all these Barbie dolls? You only need two to have a conversation. Why so many?"
Wife, not skipping a beat: "It's kinda like your straight razors..."