I'll clarify too.
I personally, would not do it. I would find a bass that suited me better before I would cut up a vintage Series I. But it's your bass, and you know what you need better than us. And provided you save the piece, it's a reversible mod for someone skillful. I could take that last fret off, and put it back on, and you'd have to be looking for it to know.
(as opposed to another doofus with a gleam in their eye and a router in their hands...)
Think about this real good... what if you do it, and it isn't 100% what you thought? That's what I tell people in my shop all the time; it's a lot easier to take wood off than it is to put it back on.