I'd wait...too low CP to be useful for raids and with SE being 1.4 vs 1.2 stab, I think I've read a Lvl 20 Machamp does more damage to Tyranitar than a Lvl 40 Dragonite...
Dnite is still good as a 6th man (I maxed mine recently), but investing tons of dust on a low IV, low CP mon is not something I'd do. Ultimately, what would you use it for and is dust that plentiful?