I would pull the engine apart and see what condition things are in first before buying any parts. Inspect the rotating assembly and block first, then have the block inspected, then pic you parts.
I've had high milage engines that were well maintained and when sonic and magnaflux inspected weren't any good for modding. Once you know the block is good, then pic your parts.
My .02 on the rebuild kits: If you looking for just a low HP street engine ( say aroubd 350 HP) the economy kits are fine. This would be fine in a TPI car, you not going to be winding way up!
But if you're looking for 400+ HP you want to watch out for some of those lower priced kits, specially the crank as they can require allot of work/material to balance which could not be cheaper in the long run then buying a higher priced crank. Getting the rotating assembly balanced can get exspensive some times!
Price out a kit and factor in the machine work. This might be a good way to go:
http://www.jegs.com/i/Blueprint+Engi...P3551/10002/-1
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93Z M6 Black: The 385 Lives! Supercharged, 3-core front mount intercooler, GTP heads, 3:73's, Street twin clutch, Jethot Longtubes, Mufflex 4" catback/spintech, S+W cage, Spohn Suspenion, Yada Yada Yada
1) Build it
2) Race it
3) Break it
4) Repeat!!!
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