Iron Horse and Australian pete,
PB will eat Styrofoam and CERTAIN types of plastic(like what they build rotating caution lights out of), but i'm pretty sure the rings are safe.
Not only that but hey you're gonna want to start this machine right up after it's been sitting for who knows how long and run it first time out of the barn until it gets hot enough to either overheat or light grease on fire.
I don't know if it was me, I'd use what ever tricks I could to get the engine free and once it's moving:
1: If I had put the grease and or oil in the bore I would be leaving the injector out until I had turned the engine over by hand until I had gotten as much out as possible. Then put some diesel down the hole and rinsed out the grease as much as possible.
2: If people had thought that the PB would harm anything in the engine they would not have suggested using it at all. PB is nice stuff but now there is other products out there that do the job better.
3: Redline, There's a lot of people on here with A LOT of experience and they have some durn good ideas of how to work on equipment. Listen to them they'll get you a long ways. There's others on here who think they're experienced and can lead you a long way in the wrong direction. It'll be up to you to sort them out and figure who to listen too.
Just :my2c