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well went to the machine shop yesterday and got a quote on what i needed to be done on my 302..
bored to either .040 or .050 depening on how bad the ridge is on the cylinder walls
crank balanced, polished
harmonic balancer balanced
flywheel balanced
do a valve job,
spot blast the entire block and heads
put new pistons on connectiong rods
.. pretty much a overhaul of everything will cost me roughly $1200 for just the machine work, i found a overhaul kit for 309, comes with new pistons, rings, bearings, gaskets and a bunch of other stuff
1200$ is rediculous for a motor like that. you can find a completely stock 302 out of a mustang that runs very well and you wont have to touch besides cleaning and paint for at the most $500 or buy a jasper motor with a 3year warranty for $900 like my buddy did. i would not build that motor or persue it any further