Machines are still rebuilt by scraping, presumably because of a combination of the accuracy achievable and the ease with which long dovetails, etc. can be attacked. No need to hoist heavy machines into awkward set-ups for machining or grinding. Slideway grinders are thin on the ground, and you'd still want to scrape. It's quite possible to scrape several thou off slideways, to remove the effects of wear, and then bring the surface to a few tenths all over, and to a similar level of accuracy of alignment to another surface. And all with hand tools…
It's hard and tedious work, although fascinating. I scraped all the sliding surfaces of a late model Senior Universal. It took ages, and much metal was shifted. It was hardly worn, but alignment was all over the place. Perhaps it was a Friday job, but it made a bit of a joke of the frequent advice to buy British if you want quality. For the next rebuild, I'll buy a Biax power scraper – to hell with the cost, I'm not getting any younger, damnit!
There are videos around showing Swiss commercial rebuilders of Schaublin (etc.) lathes, scraping away. At the other end of the scale, there are videos showing how bad slideways may be, when roughly hewn out of chineesium, and how readily they may be corrected by hand-scraping. There's actually a lot of it about…