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Walnut would be a good choice. It is a far more attractive AND easier to work wood than the yellow pine or poplar paint sticks are made from... although depending on where you got them, they could...

You will, in my experience, get far better lines from hand-shaping than using a Dremel. You can see a lot of "wavy" scales that were shaped with a dremel tool.

I would use neither unless you are very patient. Dremels kill blades, scales, and fingers very quickly... and I have rarely seen a Dremel-produced project that really is up to snuff...

...that...