There is a lifetime of service left in your razor. I would not spend a lot of money to have someone else do the restore, but if you are doing it yourself, have at it.
Looking nice.
Remember this about hone wear... you only see part of it. You don't see the steel that has been honed away from the edge. And as long as you have some steel left, you have a razor that can be made to shave, with some amount of effort that varies considerably with the existing geometry.
Before restoring a blade it is a good idea to set a quick bevel and measure the distance between the top of the spine bevel, in other wirds the top edge of the "hone wear" strip, to the edge. Also at the same point on the spine, measure the thickness. The first measurement you can regard as the Hypotenuse of a solvable right triangle. Half of the thickness, regard as the Opposite side. Now you can calculate the bevel angle and determine whether the spine has been worn too much or too little compared to the edge, and possibly tailor your approach to the blade so that it will deliver the best possible shave. There are umpteen threads on this and they can get quite lengthy so I won't go OT here. Just know that most razors will have through a fairly large range of bevel angle, but the sweet spot usually seems to be between 16 and 17 degrees. Out of the box Gold Dollar 66's are often over 19 degrees. Some vintage American blades are under 15 degrees. Fatter angles can reduce cutting power. Skinny angles can be harsh and some steels are worse than others at supporting a finer angle. A lot of cheapo BS RSOs (Razor Shaped Objects) have extremely skinny angles because the maker was trying to grind a big blade out of too thin a piece of steel. I recently encountered one that was just over 10 degrees and I basically remade it into a 16 degree wedge. (Still didn't shave... steel was crumbly and I couldn't even get a good 1k edge)
Spine too thick for the blade? Obviously you can sand it down a little. Spine too thin? Just hone away at the edge on coarse stones or sandpaper with the spine taped until you get it back up close to 16 degrees. Or just leave it alone and see what you end up with. 16 degrees is not a fits all, magic number and you can get surprisingly good shavers at different angles. Many modded GDs have bevels over 18 degrees, for instance, and still shave pretty decently.
Another thing about significant spine beveling... you can easily smooth it back round again with coarse sandpaper, if you want it purty. Then just continue the sanding and polishing progression. Good idea to set a preliminary bevel before doing this, so the only wear you put on the spine after re-rounding it is from the progression and finish stones. This is especially true if you go really coarse during a restore, which I often do.
Extremely worn blades, for instance blades that are worn to half their original width and thickness, often start turning into more of a near-wedge even if they were like 3/4 hollow when new. So you may have to treat some of these as wedges. The one you are showing us is nowhere near that stage, though.
So don't let "hone wear" be a deal killer when considering a restoration. That would be like not picking up a chick just because she has freckles. It's not an insurmountable issue, usually. If in doubt, measure and calculate and then decide of you want to go for it.
It's not too bad. It does look like it has a lot more spine wear relative to the width tho don't it?
Okay width of bevel is 0.215 , length of edge to outside bevel is 0.725"
So inverse sine of (0.215/2)/0.725=8.56 degrees... So is my bevel angle 17.14 degrees
Width of bevel? Did you mean to say the width or thickness of the spine? If your calculation is correct, that 17.14 degrees Is in the sweet spot.
I've been working on this with Slash's help. I took all of my razors and put them in 2 piles, great shavers and less than. Then I measured bevel angles. Well,... without fail, good ones were below 18 and OK ones were above.
The only thing is, the very wide bevel area on the spine presents a lot of steel to the hone, and so wear will slow down somewhat, especially as the flat gets even wider. Not a really big deal but you can fix that, and make your razor look nicer in the bargain, by smoothing and rounding the spine. Or not. Whatever you prefer.
Slash, I was going to ask about this. Since I've thinned the spines of some of my GDs, yes indeed they are very wide and create lots of stiction while honing and I think unsightly.
When you say "rounding the spine" do you mean minimizing the flat area from the distal end (the ice cream) or the proximal end near the hollow grind?
Ooooohhhh that's probably why my gold dollar is honed the same as all my razors but is crap as a cutter... Never thought of blade angle