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"Prudent" Maybe. But definitely more expensive. ($3 per grip for the whole set adds a bit over the years.)
$15 for tape.
$10 Odorless Mineral Sprits: [link]
$5 Shaft grip: [link]
(I also add 2" blue painters tape as build up wraps. Easier to clean. But not needed.)
That's enough for 10+ sets of grips, about $4 per set. For the cost of paying someone to do grips one time, I can regrip mine and my friends' clubs a few times each. I don't mind doing the labor.
It's no problem to cut off the old grips and prep for new. I'll cut the old ones off, and apply new tape while sitting in front of the TV. (usually when the wife's not home.) Then take them to the workshop for the messy part.