Lucrin :
The warranty thing isn't an issue for me. I have done lots of other mod related things to hardware that void warranties and I haven't had a problem. As long as you go slow and make sure you evenly lap (by rotating) there is no reason you should have any problems. Anyway I already started lapping so too late to go back 😛 And so far I am glad I did. I am not completely through all the nickel platting yet but where I am through has revealed that the IHS surface actually had a C-shaped convex area around 3 of the 4 edges and the low area that wouldn't have good contact runs straight across 3 of the cores xD lol. Anyway thanks for the tips so far so good about an hour and a half in.
I do this all the time since I rarely ever sell anything used, and work in a machine shop. Just make sure you're careful when you do it, that's all.
If 1500 grit is all you can get, don't worry about it. Diminishing returns. The point isn't so much the beautiful mirror finish, as it's getting that heat spreader as flat as reasonably possible.
Remember, let the sand paper do the work, don't force anything! Also, good practice would be to alternate direction with each grit.
If you're going to lap your processor, you may as well lap your cooler as well. Be careful on anything that has heat pipes that make contact with the CPU. These are hollow and you might rupture them.
Also, this might sound silly but it's pretty important. Consider how your heatsink is mounted. The whole process of sanding removes material. It's pointless to do this if you're going to have a loosely fitting heatsink, and might even make everything worse. You laugh now, but I've seen people end up with gaps and then fry their CPU/GPU/RAM/etc in seconds.
Lastly, if you get everything flat and shiny, apply even less thermal paste than normal. Assuming you still have a nice tight fit with your heatsink, you'll find a lot of thermal paste will get pressed out the sides. I use a razor blade to spread a very thin layer.
Good luck!
EDIT: About that C-shape you're seeing... You're probably right that the heat spreader was not flat. This is going to sound stupid... Just make sure that when you're lapping that you are not unintentionally favoring one side. Thing is, visualize this... Imagine if you had some divine block in your hand that was perfectly flat. Then you were told to remove 1mm of the bottom surface using a flat piece of sand paper. Because of human error, you will probably end up with a convex surface since you can't hold that block perfectly flat against the sand paper and will end up removing more material from the edges. I dunno, just a thought.
The sand paper you're using, you do have that mounted to a flat surface right, like a sheet of glass?