Greetings from St. Louis, If you were in my chair, I would definitely recommend shaping the tooth, not bonding. Here's why - based on the small size of the chip and the position of the chip right on your bite surface, placing a composite filling there would likely break off in a short period of time and you would need to get it redone again and again, over the next several months and years. However, filing down the tooth and neighboring tooth slightly, would create a more permanent fix. If your dentist has cosmetic skills, they shouldn't have any problem contouring the two teeth to match and not cause your teeth to look short or make you looked aged. Sensitivity could ensue, but usually very minor sensitivity that will not bother you. Greater sensitivity is a risk, but not a major risk for my patients. You're probably confused by this point, so if you're on the fence, you could try least invasive first and most invasive last. So in order of least to most invasive: dental bonding (prices is about $200-500 depending on your area)--> if it chips, then contour (approximately $50) ---> if contouring doesn't look good enough to you, try veneer (roughly $1200 to $1800 depending on area).