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I wouldn't do it. Proper cylinder walls should be round and straight. No way to get that without machining. If you are going to all the trouble to pull it apart, why not go ahead and do it right? Having said that, if you do decide to give it a shot, make sure that you use cast rings. They are more forgiving and will conform somewhat to out of round cylinder walls. Maybe you could pick up another engine and build it at your leisure, then swap it out when you are ready? Either way good luck.

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Thats kind of the idea, I want this engine to run well for maybe two years while I take care of the little bit of rust, the dent, the interior, and paint it.

Then I can splurge and go all out