Depends how good you are with your tools, afterall he said the lip is thin, no need to put on my lathe if I can achieve the same effect with careful use of hand tools. People have different skills and tools available to them, it was simply a suggestion that is achievable. For a disk to be in this condition the circumference of disk is also likely to be rusty and flaky with bits missing so how would that effect the balance of the disk currently in use ?