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re-shaping the old one
Quite a bit of work I imagine, as you'd have to get the old finish off the entire neck then refinish it. No harm in trying of course but, but a new neck definitely makes sense to me.
I always have a fear of shaping / sanding through the back of the neck to the truss rod channel whenever I make one (I've seen someone else do it and it's irrecoverable).
I think the fear of doing it would be irrationally higher reshaping a neck where I didn't know know exactly how deep the channel was.
They seem to go for about £200+ each if they are what I think they are. Tempting as money is tight right now and i'm looking to shift some stuff. Should probably keep them tho...
Have been looking at Tele necks rather than re-fretting or re-shaping the old one. Seems to make more sense given the price of a refret vs the value of the guitar etc. Plus i've always preferred the look and feel of rosewood boards anyway.
So, what i'm thinking is try a new neck on that, and seeing as I have the tools (also inherited from my friend's dad) practice fret dressing on the cheapo no-name necks I inherited yesterday. If that goes well, maybe have a crack at dressing the frets on the old tele neck. If I fuck it up I'll still have the new one and can always get the old one refretted when money is a bit less tight.
Kind of tempted to flog the DiMarzios to fund the new neck but I'll see what else I can do to make some budget I think. I've quit beer again which helps.