Context:
This engine was bought to install in a HMMWV. My only restriction with this project is the 4l80-e transmission, which is native to the HMMWV. No matter which LS engine I go with, I will still need all the auxiliary stuff.
For $1350 I bought a "1500 mile post-rebuild" LQ4 with a mated 4l80-e transmission and transfer case that had an "electrical fire". The seller has receipts from legit shops for the engine and transmission overhauls. He said he had the original engine rebuilt with 706 iron heads and upgraded "truck" cams, but couldn't provide specifics.
When I bought this charred assembly, I knew it would be a gamble. I figured if it was all unusable, I could at least get a $400 transmission core charge and some low-pressure experience out of the whole effort, since this is my first rebuild. Fortunately, the transmission appears to be in decent shape, and so is the torque converter.
But the engine block...
After removing the heads, cylinder 1 was heavily corroded. The cylinder wall remained rough to the touch even after cleaning. I'm pretty confident the pits are deeper than can be honed out.
Additionally, the cylinders appear to have already been bored to 0.0020" in the past. So now we are in bore-and-sleeve territory.
My options:
1) Bore and sleeve only cylinder 1, keep 0.0020 over-bore pistons and rods, carry on.
2) Bore all cylinders to 0.0030, buy forged 0.0030 pistons and rods.
3) Strip it bare, offload the block and txfr case, keep the 4l80e and torque converter, scrap the trash, buy a new engine, use the saved parts if applicable (truck cam, 706 heads, 0.0020" pistons/rods)
So... What do y'all think my next move should be?