Hey Tim, I too have a Tele with similar but not quite as bad wear on the frets (a 94 or 95 model) that is my go-to guitar and still plays great so I don't want to work on it at this point.
I bought a new Blacktop Tele this past Christmas and it plays equally as well and the neck profile, and feel is about the same as my older one, so I bought the Blacktop to give the old one a rest.
I have been noticing some fret sprout on the Black Top recently probably due to the cold winter and dryer air in the house.
I decided today to dress the ends of the frets to reduce the sharp feel. Took my time and and used a small smooth file and some polishing cloth being careful to stay off the poly coating on the neck. Having completed this the neck is unbelievably a real joy to play.

_________________
OK, I'll hum a little bit, got it now?

You can check out what I did:
viewtopic.php?f=7&t=48578

_________________
-T

"You can't spend what you ain't got, you can't lose what you ain't never had" ~ McKinley Morganfield

Nice looking job Ty, Looks as if it may have taken several brewski's to complete that one.

_________________
OK, I'll hum a little bit, got it now?

Great job Ty.............

_________________
The blues ain't nothin but a good man feelin bad.

Yeah...great job Tyronne. My question to you is...did you level the frets on that guitar or was that just a g & p?

_________________
Check out my new FB music page!

https://www.facebook.com/TheDevilandMe.Music

No leveling of frets was done. Didn't think of it actually.
And it didn't appear that it was needed.

_________________
-T

"You can't spend what you ain't got, you can't lose what you ain't never had" ~ McKinley Morganfield