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If this is a very temporary engine, then I'd wait, and build the engine you want. If it's going to be in the car for a while, since it's almost a short block, I'd tear it down, check for excessive wear, and replace only parts that are worn badly, maybe knurl the valve guides if needed, and simple valve job. You still want this engine to be reliable. Maybe remove ridge in cylinder, hone cylinders. If you are planning on keeping the cam / lifters, definitely keep them in order, label all parts and keep them in order for the rebuild.
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"After jumping into an early lead, Miles pitted for no reason. He let the entire field go by before re-entering the race. The crowd was jumping up and down as he stunned the Chevrolet drivers by easily passing the entire field to finish second behind MacDonald's other team Cobra. The Corvette people were completely demoralized."
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