In your shoes I'd do just what your talking about as it clearly doesn't need a complete overhaul. I'm not familiar enough with that engine to know wether it has easily removable liners or press in ones, but if it the liners are easily removed I'd replace both the piston and liner together. If the liners are pressed in them at least run a dingleberry hone through it so the new rings will seat in properly, and as you said just install one new piston.
As far as injectors and having the valves checked that's a really good idea, along with a new set of injectors (given the lack of fuel quality nowdays).As far as the bearings, I'd check and see if there is really even enough wear to bother with them. With no more hours than it has on it, the old ones shouldn't be hurt enough to bother replacing, if it was serviced regularly.
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Today's Featured Article - Harvestin Corn in Southern Wisconsin: The Early Years - by Pat Browning. In this area of Wisconsin, most crops are raised to support livestock production or dairy herds in various forms. Corn products were harvested for grain, and for ensilage (we always just called it 'silage'). Silo Filling Time On dairy farms back in the 30's and into the first half of the 40's, making of corn silage was done with horses pulling a corn binder producing tied bundles of fresh, sweet-smelling corn plants, nice green leaves with ear; the
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