Hello Mark.
My knowledge of Bantam compound slides is minimal so my reply is based on three assumptions.
First, I assume the gib is trapezium shaped in cross section. Second, The gib is cast iron as suggested by Alan Jackson. Third, You have access to a surface plate.
I would suggest that you scrape the gib flat. You don't say whether it is bowed along the length of the sliding angled face or the gib to compound slide mating face. Either way, I would suggest that both faces are scraped to flatness, then there should be no other stresses or distortions introduced on re-assembly.
It is a suitable method for both cast iron or steel (whatever your gib is made of) and as a slow but 'gentle' process for correcting the distortions, you are in control of the process all the way through, whereas machining the distortions out is a little more 'aggressive' and may not remove the bow completely.
One other thing you may wish to consider – if the gib is BENT straight – is it possible that the one or two of the gib fixing holes will then be out of alignment with the mating hole in the compound slide itself.
Best regards to all.
Alan