The cam's are hooped... New engine time. Lucky for me I have two trucks to pick from. One running, one not.

Questions: If I pull the "not running" motor out of my parts truck (assuming that the timing chain is in-tacked), other than checking compression and the mains, what else should I look at? If possible I want to keep the running truck running so that I can curb it or donate it to a worthy cause, (like a budget truck challenge he he he)

Keeping in mind that I'm on a tight budget with this project and can't afford a full engine re-build:
Is it worth replacing the rod and main bearings before putting the motor in the truck?
Is it worth doing the rings and a simple hone of the cylinder walls?
If it has compression and there is no bearing damage should I just leave it together?

Sorry for so many noob questions but all my Mitsu cars held together and there was no such thing as a donor 4D56 for my other truck, so this is my first real shot at major engine work on a 2.6 and I don't know what is best for the motor or how much it can take millage wise.

Thanks for any help;

Maurie