When you tear it down, be cautious of EVERYTHING. Inspect the cam bushing bores, check for parts availability before removing much. Is a Blue Diamond engine so are still a few laying around. The block will be High Nickel, bores should not need to be recut, possibly hucklebur honed but not much more as they just did not wear as bad as straight cast, DO sand out the carbon lip. Inspect the pistons close for ring wear, these should have square cut rings on the pistons. Polish the crank yourself, bearing shells will be marked std. or undersized by .010 increments just use very fine emory cloth strips. Most likely has a leather front seal, probably only a slinger rear seal, replace the bushing for the trans input shaft aligner bore even if need one machine shop made. Use Copper Coat gasket sealant on the head gasket, do NOT install it dry or you will have leaks.