Well Grumpy that has given me something to think bout. This is always the hardest part for me, deciding on a repair option at the pointy end. Your post above is very well written.
I can do a bit more honing, at a slower speed this time and replace the rings to extend its life. Then next time get it bored out oversize. This what I would like to do
A lot of my hard slog mowing around here is done now, the grass is under control, plus we have four legged lawn mowers wandering around to help save on fuel.