I've got access to one owned by my dad but have only seen it used once that I can remember in my 43 years. That one time was about 10 years ago when we did an inframe on our 50's model 440IC Deere dozer. As far as we could tell it had never been rebuilt. Other than cutting off a slight ridge and then using a Sunnen pressure hone to take the bores one out to a standard .010, oversized everything else in the engine looked good.
That said it has gotten to the point nowdays that what most of the other posts have said are right, engines seem to be outlasting the bodies, and buying a reman or new crate engine is often cheaper than doing a rebuild...and it usually comes with a warranty. To me though no warranty can outshine the feeling of accomplishment of taking a box full of parts and putting them back together into a sweet running engine.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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