Sleeved 340

I have a chance to buy a standard bore 1970 340 block but the owner states one of the cylinders is sleeved. I would plan on building a street/strip 10.5/1 motor with it down the road but before I make any decisions I want to check with my FABO crew for info. Thank you for always providing knowledge when needed!!
My 70 340 was sleeved (#4 hole) by a shop about 24 years ago before I purchased the car. After me driving it over the last 20+ years, the block was rebuilt last year by a local shop that did not like the condition of that sleeve, so he machined it out and installed another sleeve in the same hole. +.050" over and the engine will be broke in next week.