Crusty engine rebuild

Location
Australia
Hey guys I just bought a super super crusty rusty engine I only wanted the Ebox off it but I'm all for trying to resurrect something if possible do you thing a rebore new pistons and new crank will fix this thing or just bin it
 

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Yeah I'd blast it and see what it looks like... you won't know really until you get it all separated and stripped down. Chances are though, the crank seal grooves are crazy pitted.
 
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