what do i have? junk?

I started tearing my motor down and trying to see if what I have is junk or can be used. I am building a street car but I want some good hp. Also I have some surface rust on the lifters is that something that can be cleaned off? I mostly want to know if pistons are a decent one and are the valves a good size. once I pull pistons I can find out what they are...:prayer:

Why would you consider using used lifters? Until you see if the block needs bored you won't know if you can even use those pistons if they are good. You just need to be ready to spend what it takes to get to what hp you want. The more hp the more $$$$.