According to ace guitar repairman Dan Erlewine a guitar can be refretted and the nibs saved, without removing the binding. He doesn't go into the process, but he does state that you'd better be sitting down when the luthier gives you his quote on the job. I once refretted a guitar with nibs. It was a pawn shop LP copy and I didn't try to save the nibs. After I pulled the old frets I sanded the nibs down level with the binding and notched the frets so the ends laid out over the binding. The neck felt wider and more comfortable, and there was less chance of pulling the high E off the edge of the fretboard. If it was a '59 Sunburst I would have tried to save the nibs, but on a bolt-on "Halifax Custom ," why bother?
Just joined the forum and I found this thread, so I decided to share some pictures of my K serial no. Orville LPS-75 (1991)
It seems to have a 3-piece maple top and 4-piece back. Also, a neck heel cap (Which I read that Terada usually has this) and short/trans neck tenon? But I've gotta say, the guitar plays well and feels good in my hands.
Has a '60s C-shaped neck profile, which was rather surprising! But I am totally loving it, even though I was a little disappointed by the construction specifications haha