Ugh! I don't think so. I find it disruptive enough watching the dissolves in older movies where there's a "pop" in the image just as the dissolve begins. (This was done to shorten the number of frames needed for the optical effect, rather than running both shots, before and after the dissolve, in full length. The "pop" is some minor mismatch in grain, exposure, etc. The lab may have done everything exactly by the numbers, but even minor variations in every batch of film stock can make the difference. They ran into a lot of that during the making of TRON due to the high contrast processing.)Then cut to the original effect at the last moment so the fade is preserved.
If the original footage is still available... we're still talking about a lot of processing work for what potential economic gain? TOS re-re-re-release, the Dissolves Edition!