Here's the thing: If it's a 350 Chevy, you can get a new one for $1500. So that's your price point. Most shops hot tank a block as part of the boring job. Most hot tanks use a very caustic solution that will ruin the cam bearings. And you're going to need new freeze plugs. (Now's the time to do that) It's common to pay close to $500 just for this part of the process. Add in new pistons and the labor to connect them to the rods (Don't forget to have the rods and block magnafluxed) and it's already getting too expensive to justify the time and effort.
When you're dealing with a less common engine (more valuable), the numbers are easier, but everybody should do the math every time.
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Today's Featured Article - Product Review: Lead Substitutes - by Mike Schordine. Lead was oriinally added to gasoline as an upper cylinder lubricant. It lubes the valves and seats. If you rebuild the motor, you could use hardened seats and valves, and unleaded fuel. But if your old tractor runs good, a simple lead substitute added to the gas is a perfectly reasonable solution. And, if you are like me, your tractor is under cover, but it sits outside. So with every temperature change, the humidity in the air collects in the fuel tank, in the form of water.
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