We've had a bunch of high mile (200k+) 88-93 v8 trucks/vans the couple i had heads off of did not have a feel able ridge and had cross hatch in the cylinder despite feeling wore out. They all "ran OK" but wore out is more than just having cylinder ridge. I think with that many miles its a re-builder regardless.
I don't mind honing, re-ringing and replacing all bearings and doing head work...just don't want to need to bore and buy replacement pistons. Not in my budget..