Can I use a 350 Chevy that is bored .080 oversize?

[oleguy]

I have a 350 CI. Chevy. engine, casting #3970010, that had under 20K miles on a so called (OVERHAUL when the truck was wrecked and totaled. It is bored .080 oversize. The cylinder walls show vary little ware. Otherwise engine checks out pretty good. I would like to hone the cylinders, re-ring the pistons, replace bearings etc. and use this engine, however I am of the opinion that .060 is pushing luck. I would like the opinion of the experts on this forum. THANKS in advance. Monty