+1 on RMack898's post here.
First thing I would do is prod around a little more at some shops to get prices. I would secondly suggest you go in person and not call on the phone. I am pretty confident that most places would give a different price to a guy who is just shopping around on the phone, than to someone who looks serious enough to show up in person.
Also, if you tell them that you plan to finish by scraping, that may change things too, but I can't say I know.
I had almost your exact machine, and the ways were even more worn out, I believe. Mine was a 1955 round legged cabinet model, double tumbler. I just didn't have the taper attachment, good for you!
I am really happy with the work I could do on mine, without even restoring it. I had at least .02 dip in the ways, if not more. You can always leave grinding for another day if you can't afford it now, and are ready to rebuild and repaint it, re-wick it, replace crosslide and compound nut and/or screw, and tune it up in general.
Again, not to discourage you. I only got a newer Heavy Ten when I found one that had already HAD the ways reground, and other ways re-flaked.
It also came with loads of equally nice accessories. This happened to cost less than a pretty frugal regrind, but this was also a pretty lucky find.
Let us know how things start laying out and what you plan to do!
Bernie