I read your post and had some thoughts.
Being able to precisely remove the material from
your cylinder, as you have describe using hones,
is unrealistic. By the time you’re done, including
the seating of the rings wearing the cylinder
smooth again its likely you have removed .002 or
.003 from the cylinder increasing the bore size
by .004 to .006. How are you going to make the
piston bigger? Back in the olden days, when new
replacement parts weren’t so accessible, knurling
the skirt was how we compensated for this.
I’m just another guy on the then internet so use
your best judgement.
Below is from Otto Gas Engine Work.
A piston ring manufacture.
Tubs
.
Honing-
The other thing people overdo is hone. They want to see a
pretty 350 chevy cross hatch pattern but that is not necessary in
our old engines. You are grinding away precious cylinder wall
material. The extra piston to cylinder wall clearance will allow the
piston to rock around in the cylinder and will break the seal of the
rings. If you can’t resist the extra honing get a piece of emery
paper and do it by hand. When your arm is tired you know that
you are done.
.
A "Boathouse Repair" is one thats done without having tools or the skills to do it properly.