If you are going to make big power with it don't go over .040. If it is in an old pickup or something, there ain't anything wrong with .060. I have seen .060 motors with 100,000 miles on them.
Oh yeah, it costs about $10 a hole to bore one out. $80 for a 302. But then you want it cleaned $20. New cam bearings and freeze plugs $30.
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The sig says it all.
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