SoulSilver End-Game Question

OK, so, here's the deal: If I had spare time left, I was going to plan on challenging the Elite 4 rematches (they are slightly less-leveled than Red, to give you an idea). What should I do about it?
Challenge the E4 rematches with the CURRENT team
Challenge the E4 rematches with a REVAMPED team
Do not challenge the E4 rematches (at least for now)
When, in correlation to Red, should I challenge the E4 rematches?
BEFORE
AFTER
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