OK, here's my dilemma. I have this '76 CB550 that I received for nothing but the title change fees. The top end has been removed but I'm pretty sure that I have all the pieces except I had to buy a gasket kit to put it back together. From what I know of the history the bike never smoked or leaked oil. The bike has changed hands a couple of times and it has been torn down since the original owner. For some reason the original owner got a bug up his wazoo and wanted to put rings in the motor (??). Three of the pistons the rings moved freely and only have surface rust. The last cylinder had frozen rings to the piston head from sitting so long. I was able to free them up bathing them with penetrating oil. So my options, because I don't know if this motor will actually run:
1.) Put the thing together, after cleaning the old rings, with the new gasket kit and see if she'll run.
2.) Hone the cylinders, clean up the old rings, install the new gasket kit.
3.) Hone the cylinders, put new rings in, install the new gasket kit.
I don't want to spend a lot of money on the thing in case it turns out to be junk. So, which option do you think I should take, or is there a better option?