We also do crankshafts and rods. Cranks are done after Magnaflux testing, Jornal polishing, and balancing. Rods are done after Magnaflux. Rods are done after Magnaflux and balancing. Generally, we polish the forging parting line that causes stress risers off the rod before balancing. After shot peening the rods should be resized before WPC treatment. Since the cost for really good racing rods has come down so much over the years, we hardly ever do this anymore but if we had to run stock rods for some reason, this is how we would do it.
Ring and pinions are a part that we treat with shot peening very often. Like transmission gears, you polish the tops and sides of the gear teeth before starting the process.
Racing rods usually come shot peened from the manufacturer nowadays but if they are not, they can be sent out to have shot peening done. When shot peening is done to a rod, it should always be checked to see if the rod needs resizing afterward. Unlike stock rods, it probably will not but it should be checked.
Shot peening is an inexpensive process that can be used to greatly improve the service life of any metal part. There are not any drawbacks to doing it other than cost and possible distortion of delicate parts. These are the reasons why we use it so much nowadays!