500ci rebuild steps...

You said the engine runs fine and does not use any oil so I would just run it. When I changed the heads on mine, my cylinders looked pretty much the same as that. The issue seems to be that the pistons in these combos have really short skirts which leads to piston rock (slap) and that's how the bores end up looking. The other question is what heads were on it? Those flat top pistons will result in a pretty high compression ratio with closed chamber heads. Mine are dished and are at about 9.5:1 with Edelbrock heads. (This picture is when it was first put together)

View attachment 1715109166
Yes compression will be on high side, looks like 11.3... Now this motor has unported 440 source heads and solid flat tapped cam around .570" lift with pretty high duration. I think these source heads are 80cc so not that big of a chamber change.
This motor only runs on 98 and 100 octane gas.

You say run it and you are not the first to say so.

Thanks for your view on this.
How long did you run your motor with bores like this?