years ago they sold a tool called a ridge reamer and stiil do LINKY
very common back in the day. Ridge ream it, hone it, slap in a set of cast rings, resize the big ends of the rods, lap the valves, use good guide seals that clamp on the guide boss and run it.
Are you going to get 100k miles out of it? probably not, 30K easy if not beat to death.
I've known individuals that honed the cylinders by hand with emory paper, put in new rings & bearings and run it. My brothers 57 with a 327 4spd in it was done that way back in the mid 70's. It was their only car for many years. It was pretty much parked in the late 80's but still runs and doesn't use oil.
A lot depends on what ones budget is and use is,
I've had many customers due the full B&B on a motor that never sees the track or gets more than 500 miles a year on them. I ask why