On my guitars, if it plays ok for me, I can tune it, etc, I tend to live with it. But then I'm not playing live any more and using one guitar a lot, wanting to rely on it.
I understand you can dress them real low (depending on the relief you and your string gauge etc need), but obviously less frets is going to feel somewhat different.
If it's one of your main axes, I'd probably take it in for Jonathan to check it out. No matter what the treatment is, it's probably going to feel like a new guitar and a joy to play again.
The only one I've refretted so far was my Baja tele. That was quite new when I did it, but I was chewing into frets at an alarming rate. Took it into Feline, Jonathan explained how fret dressing was fine, and could be done several times with the existing frets. We discussed how fast I was eating them, and I decided to refret then (partly cos I fancied bigger frets as well). That's a few years ago, and there's still only minor wear now. Haven't used it much in the past year, but a year two ago I was using it a lot.
