Worth it to sleeve a 350?
I happened across a free 350. On tearing it down to see what I had, I found an unfired rebuild. Everything brand new or rebuilt. Cam, lifters, resized rods, 10-10 cast crank, cast dished pistons, 4 bolt block, heads re-done (882's - ugh) timing set, oil pump, cam bearings - everything. Looks to be a production shop type rebuild - nuthin' fancy, but complete. Sadly, the motor was exposed to the weather and water got into 2 of the cyls. I removed the pistons on the 2 wet ones - the water rusted the bores enough that there is definitely a problem that needs to be addressed. The pistons say .060 on them - so I assume that's about it for this block. I have nothing invested so I stand to lose nothing, but something inside me says don't give up!! This is the venerable 4 bolt 350 that we all used to crave!!
Would it be worthwhile to sleeve the 2 cyls and salvage the block, and have those 2 bored/honed to re-use the brand new pistons, or should I just scrap it, sell the good parts(crank, heads, rods/pistons) and consider it done? I had a number in my head to sell the motor for $500, which I thought would be a good deal for someone who just needed a reliable replacement motor. But if it costs me $400 to get there, I ain't a gonna do it. Opinions? Thanks!!
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