50-50 for the Fe-Ni combo? We mold, sinter, and coin/forge such material. My experience with it is that it's really gummy, meaning you're probably not going to like the chip you're throwing. The roller burnishing idea might be something to try on some prototypes. I personally haven't ever tried it. It might enable you to smear the material some to give it an acceptable surface finish, at which point you can polish.
Cu-W electrodes were like this. We had to play with special coolants and high speeds, coupled with fine steps/cuts, to get the surface finish just right. And it was hell on cutters!
We've occasionally electropolished parts for appearance and it hasn't been cheap (compared to other methods). Depending on the complexity/tolerancing of the form, Extrude Hone Corp. in Irwin, PA, makes some interesting machines which use media polishing. Although Fe-Ni may not be a great material to consider. In any case, it's a potential pursuit. Sounds like a fun project!