I think you'll regret pouring a whole pile of money into something that doesn't get used everyday. I know I have. Here's what I would do on that engine- pull head, send to machine shop and have valve guides checked and valves/seats ground. Don't bother checking it for cracks, as all of those gas start diesels have cracks in the head, if you're not having any coolant leakage/compression in radiator, don't worry about them. I would then pull the pistons and sleeves. Get a good micrometer and measure the rod journals. If not in spec, then you gotta start thinking out-of-frame overhaul. If they're good, I would put in new sleeves, pistons, rings, rod pins and bushings, and rod bearings. I don't think I'd even bother looking at the mains, because you say you've got good oil pressure and I've heard mains for that engine are almost impossible to find and priced out of this world. Not sure what injector/injector pump work costs for those old gas-starts, but thats about the only other thing I'd look into.
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Today's Featured Article - Measuring with Calipers - by Staff. The legs of inside calipers are curved outward at the extremities to facilitate measuring small holes, while outside caliper legs have a large curve inward to increase their capacity for large work. Firm-joint calipers are adjusted approximately by the hands and then set to the feel of the work by tapping them on a metal surface. It is a common practice when opening calipers by this means to tap the top of the joint. It is better, if possible, to tap the inside of the legs, as repeated blo
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