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I would reconsider the valve guides.  If there is no wear, then there should not be a reason to replace them.  I reused mine with 125k miles on them... and this is coming from a person that bought all-new OEM springs, spring retainers, and locks - but those are cyclically-stressed components.


Do all of the cylinder bores have those wear patterns, or is it just the ones nearby the pulled studs?  I'll bet it is from the pulled studs.  You can see it was just from the top rings not receiving any oil, and where the stress is placed on the bores (since it is not a uniform wear pattern).  I'm curious if all of your bores are "egg-shaped" since your car was FI'd almost from the factory.  The higher stress and cylinder pressures will deform these weaker bores over time.


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But to answer your question - No, I would not put the engine together like that.  It's looking like you'll need to sleeve.  I highly recommend Dan Benson.


Now you'll need to decide if you want to reuse the pistons, or go aftermarket.  If you reuse pistons, you probably don't want to use Honda rings.  I don't know if Honda used special rings for the FRM liners or not, and whether they will be compatible with aftermarket sleeves.  Then you run into the issue of aftermarket rings in Honda pistons....  Personally, I would go with aftermarket pistons if you are forced to sleeve.


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