I think there is a big difference between prolonged submersion and incidental exposure to water.
I am very suspicious of being able to ever reuse something that has spent 2 weeks under water.
Something that had some water drip on and into it is something that can probably be reused in most cases, with possibly some minor repairs.
There is a wide range of situations that span the gap between those I mentioned above. I am not sure there is anyway someone from the outside looking in can tell you what the appropriate solution is.
I am somewhat suspicious of using heat. I would be inclined more toward draining the water out and then rinsing the inards out with IPA, followed by forced air drying. But, that is a lot more work than just applying heat, and may not be all that easy to do in some cases.
The optimum solution is to remove the buswork, disassemble it and dry it ovens, Megger, then re-assemble it. It may seem lengthy and labor intensive, but it will assure maximum service life and reliability.
In todays manufacturing environments, where competitiveness is assured by lean practices, (maximum) availability is the key.
This may seem costly but IMO it is the best alternative to replacing it with a new bus-duct.
I presume - since the OP does not elaborate on this - that this is a LV <1000V bus duct. MV voltage bus' would have additional considerations to be given.
Older LV sandwich type busducts used to use multiple layers of thin, mika-like sheets between the bars and those would be 'excellent' water-trap. Late manufacturers use either epoxy coated or bare bars, braced and held apart by rigid insulating 'combs'. These would have fever places to retain water. Look for materials in the construction that would absorbe and retain water.
Look for the potential water-traps in any construction and see if you can figure it out what method will remove the water
and contaminants with the most assuredness and make your decision accordingly. IPA is a good water repellent/displacer, so is silicone.