conclusion for this stone...
David Weaver
..both sides were kind of pillow shaped, as bill mentioned. As far as a stone used for 40 years, it would've been kind of minor, but for a new stone, it was severe. Maybe a couple of hundredths high.
It took about 15 or 20 minutes of grinding on the idler of a belt sander (one hand on the stone, another holding a vacuum hose - otherwise the dust would've been intolerable indoors - even with a mask, it stinks up the house with a strange bone/burning smell).
Affter getting close, the flattening is just completed with a 220 grit diamond hone (this stone has never seen oil, so I used water). Maybe 5 minutes per side of finish lapping.
Is it too much effort? I don't think so, but I get the sentiment that these are $20 stones and nobody should have to do it (I get belts for this sander for about $1.60 each - it's the sander that I use to do large area flattening on metal), maybe 2/3rds of a belt used on this, so ballpark $1 of materials.

Top side is really flat. Bottom side may be out of flat around 1 1/2 thousandths now when I checked it (I couldn't say why - if there wasn't already another side dead flat, I would've spent another minute or two on the second side, but sometimes your arms get tired).