I have seen/heard some shells with OOR shells and/or imperfect edges that actually still can sound great. In those cases, the shell is just one of those that happened to be REALLY resonant - where all it takes is to get in the ballpark and the resonance of the shell will compensate for the bad edges/OOR.
At the sane time, I have seen/heard some shells that absolutely require the edges be perfect. The OORoundness seems to be less of an issue, as I understand that it has to be quite extreme to be much of a significant problem. then, in some of those cases, it might not even be the OORness that is the culprit, as the edges might not be perfect and you would not even know it necessarily.
Anyhow - point is, it really is hard to tell - until you try some NEW heads to tune it in. It introduced quite the quagmire - because once you install a new head and tune it up to an edge - it molds to that edge. Therefore, it is never wise to install a new head, then decide to recut the edge and expect to be able to use that head again - it already has been seated to the imperfect edge! To really do it right (and to prevent buzzing*) you have to recut, then install the new head. DON'T waste a new head if you intend on recutting.
See the quagmire?
IMHO - if you already know that the edge is not perfect, recut it, then use new heads. Then it is DONE for good.
If you care not to do that - you are risking problems if it eneds up the roundness/edges are not good enough - then you are committing that new head, etc. See the buzzing issue below.
** Buzzing - if your edge is bad enough, you can end you end up with buzzing no matter how you tune it up. One time I was restoring a FT and it sounded great. BUT, I insisted with myself to sand up the edges and make sure they were perfect, and installing a new head I had bought for the project (this started with sanding on a board of sandpaper (taped down to a flat piece of glass). After I was done (doing it all by the naked eye and all by hand, as I had no router to use) I tried reinstalling that new head on it. BUZZ. It sucked because just days ago I had the old head on it and had no buzz. It was my insistence (with myself) to make sure all was just perfect that got me into trouble. MORAL of the Story: If it's not broke, don't fix it. If you need to fix it, make sure you have the right tools needed to fix it right/"true" "Perfect".
Sorry if this comes as no good news - at least hopefully it can give you some insight into all the issues at play here.
If you have access to the tools, I would recommend getting the edges right before committing new heads - which you WILL want new heads on this newly restored kit anyway (unless it already sounded great with the old heads and they were not too wore out).
BTW - you can post pics of edges showing gap and leaking light and so on and son on - but it is not something we can see and make the call. It is really hard to predict if an edge is good enough or not. The symptoms are perceivable when heads are on and only confirmable / confirmed fixed by a recut with the proper tools.
WOW - I sure have rambled.....hope some of this thinking outloud is some help -