Went to see the owner of the engine shop after he has had time to go over the engine.......
Block - had been re-bored to .030 oversize, BUT.... has had another .020 worn by the piston rings. Might be able to get away with going .060 over size?

Head - Can be used but the chipped part a worry. He suggested getting chip welded up, but, will get new head from Gary instead.
Cam - No good. Flat spots on the cam lugs. Need to get a new one.
Valves - Need replacing.
Valve guides - Don't need replacing.
Crank - This is a bit of a worry. He was a bit concerned about how much has been worn and how much would be needed to be machined to get correct dimensions.
Bearings - Mains and con rod bearings are completely stuffed. There are chunks of bearing material missing from some of the con rod bearings and bad scoring.
Looks as though the lubricating for the bearings has not been working for some time before I bought the vehicle, as all the bearings are pretty much worn down to the backing metal with no bearing metal left.
Overall the engine has had a hard life before I got it. A lot of work will be needed to get it back to good running condition. Just waiting on final machined dimensions before I start getting the bits that I need. Will take some time to get up and running but will be worth it.....I hope.