Rodd
Recruit
Do the rings and deglaze the cylinder walls only. Don't have to pull the crank to do so. Unless the rod bearings show wear leave the crank bolts alone. Undoing and re-torque of the mains adds stress that may have already been released via mains cracks. With the miles the engine will have blowby and while it's out it's easy to do rings. I regret not doing rings twice and did them the next time I pulled the engine. Again GM cast blocks are scrap metal so it's not worth the cost of machining them. Only machine shop cost justified is new cam bearings.
Gapless rings are worth the coin for a cleaner engine and longer oil change intervals. Less soot gets in the crankcase. My sig link goes in depth on my results.
Thanks WW! I just read through your thread on gapless rings. Very informative. If I understand correctly only the 2nd ring should be gapless? Since I've never done rings before, you are referring to the rings on the cylinder, correct? Also from your thread it looks like I would need to send the cylinders in to have the gapless rings added?