Sherwood,
my stock looked pretty much like yours. I wanted to do what Killerv is doing, reshaping and all but don't have the bench and vice and all ...so I settled with a refinish. Used Ciristrip to get rid of the old finish , and man there was never an easier finish to remove. After I cleaned it up a bit I saw the wood looked pretty chewed up but didn't care as this was more for fun than anything. Sanded it down a bit and found a stain thought I might be perfect, red chestnut, and applied it. Can't ever fully tell from a sample what your application of the same stain may look like and It didn't really take until I really rubbed it in. I finished with...I don't know maybe ten - 12 coats of tru oil. Applied one thin coat a day for well over a week. Took no time per day.
It isn't show room quality maybe but does make me like it all the more for the effort and came out as I hoped. Not a great picture but ...
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Apologies for the hugeness of this pic guys.
Really looking forward to see Killerv's end product as I am sure it will make me jealous.