Chev as far as performance goes, I am happy to have a stock, well running engine.
To answer some of your questions: (without actually seeing the condition of the parts)
1. I normally give the bore a light hone. (hope yours has no scoring)
2. If your piston is in good shape, reuse it.
I remove all the carbon out of the ring grooves, being careful not to take any metal off. (use a broken piece of ring, sharpened up as a scraper).
Look at your piston crown to see if is stamped as an oversize piston. ie. +20
This will let you know if it has been bored out oversize.
3. I am low tech, and clean parts by scraping with an old knife, wire brush, degrease.
Put some images up of your engine, others will chime in and help.
Last edited by mark electric; 01/09/14 02:17 AM.