FWIW...my hemi was originally built in 2006. Since then I've re-ringed it twice (moly rings) and used a "dingleberry" hone both times. It will still give me timeslips like it did when it was fresh. Best MPH ever on motor in 2007 was 140.4 mph in good air. The last time I ran the car on motor in good air, it went 140.2 mph after the two previously mentioned freshen ups (8 years later).
Not saying this type of hone is best, it certainly isn't, but it sure aint all that bad either.