can i just re-ring it?

[fiveohpatrol]

a few months back my oilpump driveshaft snapped on my way home and i drove the car for about 5 minutes to get home (i know i know im a dumbass) anyway, since then it burns a quart of oil every 700 to 1000 miles depending on how hard i beat on it, before this happened it would only burn a quart every 3000 miles, i pulled the motor and put new bearings in

so my question is, should it be mostly the fault of the rings being worn from 110,000 miles and the 5 minutes of no oil pressure?
if so will just re-ringing it be ok for another 1.5-2 years until i build a new motor the right way, i havent done a compression test yet but i know it wont turn out good anyway

i know its not the right way to do it, but have anyone of you just done a re-ring and it turn out ok?

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88 Notch, B&M Ripper, 3.73's, Ported E7's, Explorer int. w/ ported lower, pulleys, 1.7RR's, BBK headers, off-road H-pipe, flowmasters, subframes, 65mm TB, March ram air ,MSD coil, U/L control arms, 155lph f/p, Crane Adj.FPR, Nitto drag radials, best 1/4--> 13.76@101.4 on a 2.17 60ft