At a guess, probably not. From the description of the system posted on the restoration team site, I think the chroma dots have to be retrieved from video in fairly good shape - the source material has to be clean because the information is so faint. Even if it were possible to somehow pull the chroma dot information from a previously wiped tape, that only retrieves the chrominance (color) information; the luminance information (brightness/contrast/sharpness) would still be missing. The way that pre-DTV/pre-HD videotape works, the luma and chroma are encoded separately, and having only the chroma information wouldn't produce a watchable picture; in constrast (no pun intended), luma information only would simply give you a watchable B&W picture.