Not sure there is. Paraffin is a good cleaner except it's smelly and leaves a thickish greasy film behind. May not matter if the cleaned item is going to be re-lubricated, not so useful if the surface is to be painted. Petrol is an even better cleaner, but the fire hazard is considerable and it's toxic.
The advantage of Gunk is no risk and any remains can be cleaned off with water.
I suppose the handiest thing for cleaning off paraffin residue would be generous washing up liquid in hot water. Then Meths to remove water if you're fussy!
My new machines were cleaned with Garden Centre White Kerosene, because it's undyed, followed by a wipe over with WD-40. WD-40 is good for finishing a degreasing clean because it contains a slightly lighter oil than paraffin and is mildly anti-rust. Though WD40 still leaves a thin film behind, it evaporates faster than paraffin and leaves less mess. Still has to be cleaned off properly before painting though.
Dave
PS mention of white spirit in another answer reminded me – whatever you use check it doesn't accidentally remove paint or dissolve plastics and rubber wiring!
Edited By SillyOldDuffer on 30/10/2019 16:53:03