I finally got the engine out over spring break when I had a few days of no rain and decent weather.
I tore into it expecting to see really really bad things. So far so good. The timing set that I had previously replaced was still doing good and pretty tight with no slap in the chains or broken guides.
Oil pump and pickup screen don't appear to be clogged. No debris on the screen itself. Pump turned smooth and appeared to work, replacing it anyways.
Turns out when I got a good look at the castings that my heads are in fact PI, I thought they were non PI. Good thing I didn't go ahead and order one! The passenger side head appeared to be good, pulled a few bearing caps and they seemed ok. Drivers side is marred really bad and is being replaced.
The cylinders are in pretty good shape, at least visually. The hone hatch marks are still visible, no apparent gashes or scarring in the cylinder walls from the inspection with the pistons still in. I'm going out today to pick up some gauges and number punches so I can get the pistons out and check the crank and pistons.
Crank appears at least visually to be ok. I pulled a couple main bearing caps, and rod caps. No copper showing through the bearings, in fact they look damn near new to me. Very little wear from what I can tell. Kind of amazing being a 200k+ mile engine.
My dad ( who recently retired from running a machine shop ), is going to setup a bore gauge for me to check the cylinders. If all is good I hope to just get the block tanked and cleaned up nice, new galley plugs and all and start putting her back together with no other machine work - hopefully.