CrabCake
SILVER Star
I'd be hard pressed to put a new gasket on there and run it knowing the condition if this is a rig that you want to keep (and put more money into mods too). As others mentioned, you'll have lower compression and probably some smoking at a minimum. Time would tell on the rings if they would go on you can cause a total failure.
Worst case, put it together now, get a few miles on it, and see what it does. That said, I'd hold off on big money mods for now until you feel confident that it's worth the $$ on what you have.
Worst case, put it together now, get a few miles on it, and see what it does. That said, I'd hold off on big money mods for now until you feel confident that it's worth the $$ on what you have.