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Lots of engines are rebuilt on a 'budget' if it was holding good oil pressure only the rod bearings and rings are replaced. Maybe even the valves reseated.




thats what i was thinking if the bores had no visible cross hatch.

maybe the motor wiped a cam or tossed a bearing and the guy put it back together on the cheap. honestly for the time you are going to spend working on it to maybe get it right, i would either correctly rebuild what you have or get a 440 and run / rebuild that.