LOL, nice choice of descriptive terms,I recut both edges and made new snarebeds in a wider more gradual profile. It doesn't HAVE to be done if you're careful when cutting, leveling, and regluing... but the outer edge where the shell was cut down will be straight and should at least be rounded over with a file and sandpaper. I'm generally of the belief that the contour of the outer edge is far more important to tuning and tone than the angle or contour of the inner edge; thus I always recut because I like to do a reasonably deep rounded outer bevel that I sand and then clearcoat.But yes, if you're careful, you can keep the edge mostly AS-IS.
I agree with you on the importance of the outer edge. I tried to hand-dress the edge and I think it might have been OK but have taken the shell down to our HS wood-shop teacher this morning and he's going to set up the router table with the proper bit and touch it up. I'm 99.99% sure it's going to come out OK especially after he touches it up. (Let me tell you, it's sure handy being the user support tech for a school district.) I'll get it back this afternoon. I've got the wrap and hardware ready to go, but think I've got to order heads and snare wire so it may be next week sometime before I get pics posted.
BTW -- I got the idea to do this from an article out of an old issue of Not So Modern Drummer magazine. My mind is drawing a blank (like it does sometimes) right now, but if I remember correctly the article was written by Jack Lawton...
Again, your drum looks great! Please share more of your "cut down" creations!