If you have bent valves, we normally repair a cylinder head to 100% reconditioned for about $650. The parts, add about another $300-$350.
You really can't tell if you really need to replace the long block without taking the cylinder head off. You have not idea what damage is underneath. It could be comparatively minor. The #2 piston took a big hit, but the cylinder walls are clean, it is very salvageable. AND OFTEN LESS WORK. Are you going to find a better block than what you have? At what price? AND you have the labor and time to pull the whole engine, and reinstall the replacement engine... what if you find the replacement has a bad set of rings and lots of blowby? I guess you could pull it again. Send it back and try again..Or if the cylinder walls look good on your existing engine;for example, you can see the cross-hatch in the cylinder walls, try what we have done hundreds of times.
We regularly replace the damaged piston/rod set by matching weight and length of the UNdamaged #1 piston/rod. The trick is that the AHU/ ALH pistons are not all the weight and the rods are not all the same weight OR length. If you find you only have a damaged #2 piston and rod, you send us the straight #1 piston/rod set and we choose the closest match from our stock of about 120 rods organized by weight and length. We find the properly weighed piston and put together a set of pistons and rods, with the #1 and #2 piston/ rods balanced within .1gr of each other. It does require two new sets of rings, the rod bolts, at least 1/2 of rod bearing set. This procedure does not require removing the engine; only the oil pan. It would require the skill to install rings and pistons back into the engine. In our shop, replacing a pair of pistons and oil pan is about a 4.5 hr job. Replacing the engine is about a 20 hr job. Your time to completion is vastly reduced, given the cylinder bores are in good shape. We can loan the ball hone to deglaze the cylinders and if needed the ring compressor. You can be back together much quicker and reliably than the cost and time of a replacement block.
We can provide quality and competitively priced reassembly parts for a one-stop-shop and I provide the technical support so you get the job done right.
If you like feel free to call with questions.