nothing wrong with cheap... i'm all about cheap
is this just a factory std block that's been sitting?
stock cranks are good to 6000 rpm no problem
stock rods with new rod nuts are good to 6000 rpm no problem
my only question would be what pistons, rings & bearings are in it and how much cylinder wear/taper there is?
it doesn't cost anything to measure clearances, pull it down, wash it off & lube it up. rent a ball hone, buy a rear main seal and dab of silicone for under the rear main cap won't break the bank and you're at the same starting point as many rodders since late 1969
http://www.youtube.com/watch?v=xm5DPlNCmtk&feature=artist
there'll be phantoms, there'll be fires on the road... and the white man dancing