Usually, No.
Platting will deposit at most a few thousandths of an inch of metal.
I have seen badly worn cutters repaired by machining back the edge and brazing a new cutting edge to them.
This is then ground and honed.
It all depends on the size, wear, and why you wouldn't replace the entire cutter.
= = = = = = = = = = = = = = = = = = = =
P.E. Metallurgy, consulting work welcomed