Some say that as long as the pitting is in there, the rust is still eating away at your barrels at the bottom of every pit. I don't believe that and I think I've killed the rust in my damascus sewer pipe barreled 1887 W&C Scott hammergun. I shoot it with 'vintager' type shells and hope for the best.
One day though, I'm sure I'll break down and sent it to Steve Bertram or Mike Orlen to measure and cut out the pits if there's enough barrel thickness to do it. If you do that, be sure to have the chokes recut to whatever you want to match the new bore diameter. One thing's for sure, removing metal from a pitted damascus bore is not going to make it any stronger...Geo