<VV> Repair/rebuild 110 - What would you do?

[ChiefTAM@aol.com]

OK, most of you are familiar with the problems I had with my 49,000 69  Monza 
Convertible 110hp, 4-speed in the move from Minnesota to Texas.   Briefly, on 
the way down the car started missing lightly.  A teardown  revealed 2 broken 
piston rings in the #4 cylinder.  I replaced these and  for good measure, put 
in a new rod bearing on #4.  I drove the car three  times, for about 60 miles, 
and noticed a hammering.  Teardown revealed #4  rod bearing trashed, and now 
damage to a once standard relatively low mileage  crank.
 
I am in the process of building a new house with an 1100 sq. ft. garage  (for 
room to work on Corvairs) but that garage won't be done until  December.  The 
house I am living in was sold, so I am in the process of  moving to another 
location.  I am going to haul the '69 over to that garage  and put it up on 
jackstands and remove the engine.  The engine is the  original numbers matching 
engine for the car, looked really clean inside with  very little wear, all 
things standard, so no work has been done to my knowledge  in the first 49,000 
miles. I definitely want to keep this engine for the  car.
 
So, this brings me to the question.  What would you  do?  For a little 
Corvair related posting, I figured I would take  responses kind of as a survey and 
post the results.  Would you pull  the engine, check everything, correct the 
crank, put in new bearings and gaskets  and put it back together, or rebuild.  
If rebuild, how far would you  go (keeping in mind that I plan on keeping this 
car, but money is not  unlimited) what would you replace and what other things 
beside parts would  you do?  I think I know the answer, but I thought it 
might be fun to hear  from the learned masses before I tear into it.
 
Todd Miller
Dallas