That thing isn't worth saving. It was going to cost more to bore it the .040" over and put a new rotating assembly that it was to get a known good block.
So here it is. I've bought another engine from these guys before and they have been good to me. This particular engine has been sitting on their shelf since 2001!!! I've had good luck using used engines to keep the price down, and this is another one of those cases. If you shop around enough, you can find a good deal on something that was crashed early in it's life for a good price.
So I tore this one down to the bare shortblock, too.
I had already sourced an E303 camshaft and some GT40 heads that I had rebuilt at the local machine shop.
Redline lube to make sure the camshaft and lifters remain friends when it's started
lots of scuffing and washing and a coat of painter's tape on the good parts
now we've got an engine we can bear to look at..