Is the rest of the finish all original, and if so what kind of shape is it in
(including the edges that met with the binding)?Overspraying the entire
instrument would really be undesirable, and devalue the instrument a fair
amount.
Keep in mind that the original binding would have been scraped after
color was sprayed, and therefore would be stepped down below the
surface of the rest of the finish. I really don't want the binding to be level
with the rest, as it seems very out of place to me on an old Gibson, Epi,
Gretsch, etc.
I prefer to scrape the binding far enough below the surface of the body
lacquer, so that when I mask off the rest of the finish and spray only the
binding I will end up with the completed binding finish still below the
rest. You have to be pretty careful and strategic with the masking, but if
done cleanly it can come out quite well. The tricky part is that the finish
up to the edge of the binding slot is rarely fully intact. Then you often
have to blend in the seam somewhat, after the binding is finished and the
masking removed. Sometimes airbrushing is good, sometimes a few drop
fills if the chips are few, and hand padded shellac can be an excellent
final blending technique as well. It all depends on the individual case, but
keeping the patina of the original finish fully intact can be near
impossible to do within an appropriate budget for most instruments.
Or another option which can often be the best, is to simply finish the
binding in shellac. You can spray on a bit of build with the lacquer
masked off, building a nice color in the process, then pad on a few final
coats to blend after removing the masking.
I have a Gibson Mastertone resonator that I am replacing the binding on
right now, but it's an early 70's so maintaining the original patina is not
quite so critical. The edges are chipped pretty bad on this one, and I'm
not decided on what route to take on this one yet. I'll probably mask,
spray binding, airbrush in the edges, then level and buff the whole thing.
I actually have a 40's Epiphone Broadway in for for rebinding as well.
Fortunately for me in a way, it's already been stripped (poorly), so that
takes some of the preservation off my shoulders.
Good luck and remember the golden rule of "first do no harm" - or as in
some cases you may have to shoot for as little harm as possible.