New engine has loss of compression

I actually don't use a hone per se when Ire-ring. I use green Scotchbrite over the stones of my flex hone and WDD40 to lubricate them. It really is only a glaze breaking operation - if you "hone" until you see a ton of marks you probably went too far anyway. Moly rings really don't need much to seat these days, so if it's low mileage I'd just use the scotchbrite. I've used that on everything from my Neon to strokers being freshened as long as the bores are straight and round and it's just a surface for the new rings to seat to.