I don't think the versa blade is the ticket.
I think you need a scarifier and a box blade, and for best results, a compactor and a water sprayer.
You go over the road with the scarifer, which is used to a) break up the washboards and high spots and b) bring the base rock back to the top.
You then use the box blade to spread all the material that you've loosened evenly on the road (a box blade is merely a dozer blade with sides which hold the material in front of the blade, so that low spots are filled as you move along).
If you want to build a crown, or to create a slope across the road if none exists, you'll need a tilt tach so that you can cut/fill on a plane different than the plane that the TC's wheels are rolling on.
Once you've done all this, you have a smooth road with gravel fairly evenly distributed. Most people stop here, and this is OK. However, the road surface material is somewhat loose. So, if you have a vibratory roller and a spray system in the bed, you drive the road in reverse, wetting the material as you move along and then compacting it.
Unfortunately, there is not a combination scarifier/box blade made for the TC or aftermarket suppliers (like you can get for a farm tractor).
However, if you'll review previous posts this year, there is one tiitled "Shopmade Box Blade," or something like that, where I showed pictures on how to build a "poor man's" scarifier/box blade (although you need the combo bucket to get box blade functionality).
Have fun!