340 cylinder honing question

Measure, measure, measure; and check your ringlands for shiny shiny wear.

Every .001inch of bore-taper will change the ring gaps by a tic over .003inch
Those changing gaps will cause the rings to move into and out of the lands, every time the piston goes up and down, eventually wearing them out, and losing ringseal. Loss of ringseal equals loss of cylinder pressure, which equals; loss of power at WOT, reduced idle-vacuum, increased crankcase pressure, oil-burning, poor fuel economy, decaying throttle response, and not to overlook the possibility of oil-dilution, leading to bearing failure.
I mean a stinking lot can happen in 35 years.

Just measure it.............. it'll be fine, right?