We used to do "overhauls" all the time which did not involve boring. Measure your pistons and bores (or have a machine shop do it, as it takes a bit of a "touch" and an internal gauge) If they are in spec, hone it (or have a machine shop hone it) with attention to not removing much material, ring it and go. Check the valves and guides, assuming they are OK (most likely) lap them in and go. Replace the guide seals. It'll be all perked up, You'll love it.
Don't let some minor scratches here and there bother you, it will be fine.
Unless you're looking for an excuse to do more...
![Wink ;)](http://forums.sohc4.net/Smileys/default/wink.gif)
PS: A cheap way of checking your bores is to get a new piston ring, put it in each cylinder down about an inch from the top and 2 inches also, and check the end gap of the ring in each cylinder. They should all be close and around 13thou inch (sorry no metric from me) check the manual for end gaps on a 500, may be less. Your ring may need to be gapped if its too tight to begin with, but the purpose of the exercize is to see if the bores are worn different from each other.
Once you get the ring in the cylinder, use a piston to push it further in to keep it level. Also oil up the cylinder a bit so the ring slides without scraping.