My opinion is that who really pays attention to what the odometer reads on an old classic vehicle with a 5 digit odo. So, go ahead and do whatever you want and don't feel guilty about it. Just make sure that when someone asks (buyer, etc) if the mileage is accurate tell the truth and say no. Shoot, in Texas the titled mileage on old cars is stated as "exempt"...even the state knows the information/mileage cannot be relied upon.
In full disclosure, when I restore a vehicle, I hook a drill motor to the speedometer and advance it to the next 1000 mile increment. Much easier for me to remember the mileage at restoration completion. Is this unethical?
BTW, when I purchased my '72 Z, the odometer was not working. How long had it been this way? What is the exact mileage...I did not care. Almost forgot...replaced the speedometer/odo so really the reading has nothing to do with the actual mileage. Was it unethical to replace the speedometer? If no, what is the difference in resetting the one you have.