I'm going to throw a dissenting opinion in here.
Being a doubler, I have had years of experience having both electrics re-fretted and dressed as well as fingerboards on my uprights dressed.
Last time around on the electric side, I had Mike Lull re-fret and PLEK my 1960 precision bass.
Frankly, there is no way anyone can come close to what he did with hand tools. No way, no how. And I have had some very expensive (Smith, Lakland, Pedulla) electrics in addition to having nearly a hundred other electric basses pass through my hands at one time or another.
The PLEK process measures and remembers each precise point on the fret and goes back and dresses them to something like one millionth of an inch while the neck is under tension. I do think the quality and experience of the PLEK operator is important to the outcome, however.
I have pondered what a similar process would do for the double bass. Frankly, I think in application, a CNC controlled board leveling would be better than what could be achieved by hand. Is it practical? No. Have I had great fingerboard dressings done by hand? Yes, many times.
Maybe from a manufacturing standpoint it would be feasible, but IMHO not from a repair standpoint.
As a side note, I played a Martin bass recently that a friend is thinking about buying, and the fingerboard dressing on this new nearly 20k bass sucked.