Hello gents :] Long time since my last visit here ..

I started working on a straight I got from a package of 20 scrap razors...
It's a Buck&Ryan in a poor condition, and it had cell-rot on it's scales that did a number on it.
The main damage that concerns me is on the end of the blade, above the toe. There's some nasty pitting there going 1-2 mm into the metal, with [literally] microscopic chips on the bevel that can be taken care of in a minute.
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Now I'm wondering if hand sanding that part is worth it, or should I just shorten the blade..?
The above picture is after 2 hours of sanding...