Time is precious, so I try not to waste it!
I got the engine tore down today, and I'm very happy with the way it looks inside. I gave the cylinder a brief honing, and cleaned up very quickly. Its not perfect, but it is good. The crankshaft is still standard, and looks good. Although you can see a mark in the rod, you can't feel it. I gave the block a good cleaning, and cleaned up the ports. I went ahead, and ordered the engine kit, which will consist of piston, rings, connecting rod, both valves, gaskets, and seals.
The first picture below is the exhaust nipple, which I had to cut, and break out with a chisel, as it wasn't coming out of its own free will.
They say a picture is worth 1000 words, so I'll let the pictures do the rest of the talking for me!
Matt