Hone and run it, or machine shop?

2 mils out of round and 3 mils taper? If you were using cast pistons, unless your goal is building a 150,000 mile engine, I'd hone it and re-ring it. But with the hypereutectics, the 1 mil+ oversize at the bottom of the bore is of concern. I agree with nm9stheham, make sure your measurements are accurate before you make any decisions.