cutting mast

[rawsoner]

i recently bought a 1972 rawson 30 with a freind .the masthead is in a bit of a state , frozen sheaves , old halyards,stbd spreader a little wobbly fore and aft , electrical could use an update and it was at one time painted tourquoise then years later black so now its black and tourquoise camo.

my freind also owns a 36' loa w/ bowsprit cutom (coldmold) sailboat that is in our yard.other than the hull (it needs 2 johnson (only) 9.9 longshafts to power it to give you an idea) it was very well rigged ,it has a 39.5' stepped mast which was a cutter rig.
the mast on the rawson is in the neighborhood of 35'.

????'s

could the longer mast be cut down to fit the rawson.

if so what is the best way to fill old holes. if we cut from the bottom up the biggest hole(s) would be from where the halyards exited the mast.

looking for the best yet cheapest meathod to bring the rigging up to date on the rawson.
and i promise i will not put on double backstays

thanks
mike