The blasting is actually not a stress relieve but it adds stress. Each grain of sand is like a tiny ball peen hammer hitting the metal and expanding it. So as the metal expands on one side it gets oil can in it that is impossible to shrink out. If you take a perfectly flat piece of metal and blast the surface it will curl up. They do have plastic media that does not hammer the steel and removes the paint but will not remove rust.
Blasting engine bay not a big issue but like stated you will kill a hood, roof, door, quarter or trunk by blasting. Yes the wet blasting keeps the surface cool but you are still hammering the surface and physics cannot be denied. Soda blasting just reduces the size of the hammer. It also comes with having to get the soda residue off the metal or will cause huge paint issues. You will see them put lots of angle on the nozzle when wet blasting to try to not hammer the surface but it still happens to some extent.
Dip strip is only sure way not to kill your car. It does take all seam sealer, undercoat, paint and rust off. The fable that you will get bleeding from seams is not so. I have a car that I think was done over 10 years ago and no bleeding. When dipped they also phosphate the whole body so you have time to work on it and no rust.
You should phosphate your car before you primer it. Some use self etching primer but why not do it now and that way no rust. I have had raw steel parts sitting in shop for couple years and no rust. We have a great place in N.C. Carolina Chem Strip. I believe about $2,100 for and entire car. Does have to be stripped of all trim and a shell before going into the ovens and tanks. Here is link.
http://chem-strip.com/portfolio/
Hope it goes great for you good to see people working on them.