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Sell her. Buy what you need. DO NOT BREED HER. She has nothing to offer a foal, and it seems pretty ridiculous to sit around and wait for 5 years before you can even think of competeing the resulting foal. And that's if it actually turns out any better then her. Add the cost up of that breeding up with all required vet bills as well as raising the foal for 4 years after it's born before you can even show it. Now take that money and actually buy yourself something useable for NOW.

Low level Dressage is not that ambitious. You can pick up just about any nag for a couple thousand dollars and compete successfully with the right training. Breeding for a low level Dressage horse is a pointless waste of time, and breeding for an upper level Dressage horse, don't even consider THAT mare.
 
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