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 - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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