Branch or New Repo?

[Stephen Rasku]

We are rebooting a release.  We want to restart our development from
the last release and then merge all the bug fixes that we have made
onto the new branch or repository.  We will be omitting a couple major
features but we will be merging all the bug-fixes over.  What is the
best way to do this?  Create a branch in the current repo or create a
separate repo?  Does it matter? What is the best way to merge the
individual fixes?

...Stephen