I got a 455 olds from a boat with a busted Jacuzzi pump and had intended to put it in my Hondo project. upon inspection I found some internal rust and water and so I pulled the bearings and heads. The crank can be polished but running a ball hone down the cylinders did not remove the pitts from the rust in the cylinders. I have two engines being built right now (another 455 and a 460) and cannot pay for a third at this time so I want to just put new bearings and gaskets in this one and run it. It shows signs of having been rebuilt a short time ago. IE hone marks still in the cylinders, no visible bearing wear. also the engine had been balanced. I know it will be a smoker and down on compression, but I can live with that for the time being, I just don't know if the pits will result in ring breakage. Opinions?
save up and do it right - only asking for problmes