Snakehunter;
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The block has been tanked and cleanup honed as of a few days ago, and I'm told it has a number of light pits. There's also some up and down lines on the thrust side from dirt (oddly, the bore is almost perfect dimensionally). Machinist is concerned it will use a little oil but says otherwise it would be fine without going overbore.
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Talk it over with your machinest, a good hone on the cylinders may be o-k for what you plan to do with the car....
If your going to drive it a few thousand miles a year, I wouldn't worry about it and spend the money elsewhere on the car.....
I recently overhauled a 351-W for my neice's husband, it was going in an old hunting 4x4 and he didn't want to spend a lot on it......all cylinders had wear, some as much as .022 thousands........I told him so and he asked if I could just hone the block and put in new rings/bearing and how would it do. Told him it would do fine, probably burn some
oil, but run fine, so that's what we did.......damn thing runs great, I guess cause it's a "little loose" it revs up real quick and runs great.
Oil consumption is very minimal and you hardly see any blue smoke out of the exhaust, it's doing a lot better than I expected...........
David