I'm also curious as to how we'd build a plane designed using 1950s kit, technology and so on when all of this has been replaced by vastly more capable kit and technology. Presumably you'd want the upgraded version in service, so we get to build a 1950s plane and put 2015 technology in it, that it wasnt actually designed to carry or use?
Bluntly, your idea of new build victor / buccanneer is utter madness.
So as technology improves, and usually gets smaller and lighter, you don't think we could get this new kit and technology into these sizeable airframes?
And you don't think that such new kit and technology wouldn't significantly improve the capabilities of said airframes?
And you don't think modern materials and manufacturing wouldn't improve said airframes when new built?
Designing a completely new airframe other than when you need bleeding edge performance is what constitutes utter madness!