Not Ranked
In regards to the thin cylinder wall, I also think that a quarter size spot in the wall that would end up being .004 too thin, at .096, is not a problem worth worrying about. However, I would closely examine the rest of the block in other areas. Such as how much are you going to have to deck the block to make it clean? Are the cam bores saveable? I had one block that had lifter bores that had to be bored to Mopar size lifters. That was an easy fix, that was better than the bores being sleeved.
Just be aware of other issues!
As far as "High Nickel Content". That's a bunch of fluff that most car buffs think they need, but the bottom line is, most guys won't ever run an engine hard enough, or long enough to have to worry about it. I drag raced a big block Chevy for years with a cast crank and a stock block, that never let me down!
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