old rings

well It has been a while sense i have been on but I have been working on a nice 98 dodge ram! I love the knowledge and experience of the guys here and so I am posing this question!OK, I know this is a cheap skate question. but I have a little money hanging on this. SO, can a guy pull his pistons, re gap his rings,hone the block and re install the old rings on the old pistons? be easy with this guys! I got money hanging on this. I have never done it but I have heard of guys doing it and it working good. I have never heard of a motor being lost by doing it ether. so I haven't heard any thing bad about it but it gives me the willies thinking about doing it!!