Ah the eternal struggle. Yes you want to present a professional, polished project to the world. It's important, not just for you, but for all of us indie writers. It reflects badly on our segment of the industry to publish crap and it gives the naysayers ammunition.
My opinion is this. Go ahead and fix the grammar and typo's. Go through your book and fix them all. Find them, and eliminate them ruthlessly. When you've done the absolute best job you can, republish it and move on.
But don't start rewriting it. If you find it needs changes just pull it down and wait to publish it when it's finished. It's not fair to your readers to publish different versions of the same story. In my opinion.
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