Cleans the commutator. It’s a little honing stone that you inserted where one of the brushes was usually located that cleans off the carbon buildup.
I replied without actually looking at the picture 😅 That looks like a power supply for running the motor during the process. There was a fair bit of “voodoo” regarding motor performance, breaking your motors in, clocking the bell to adjust timing, etc.
Those gold RC10 tubs :-)