Got the spot welder working today. I will post some pics soon. In the meantime, thought I would change gears and put some engine related content the build thread. After the leak down and compression tests were complete, I started disassembly of the engine. Here is a 1 minute long video of the crankshaft condition before removing from the block showing the condition of the rod journals. The engine most likely has 130k miles on it, if I recall the odometer value correctly (and if the odometer hasn't spun over twice!). Also, I took another video showing the crank rotating in the block before removal. Always nice when the crank rotates this freely, an indication that the block is as straight as it was when it left the factory.
The cam rotated very easily in the cylinder head also indicating the head is straight, not warped or bowed.
The block was dropped off at Will's Auto Machine Shop, Inc in Chamblee, GA. They've done a lot of Z car stuff over the years and know there way around the L-series. I dropped off the .030" oversize ITM pistons, the crank and rods. They bored the block and honed for the pistons, polished the crank, (still standard on rods and mains), cut the deck to clean things up, installed the pistons in the rods, and sized the piston rings. Here are some pics of the block. I used the sand blaster to get in between the bores and clean out loose rust and corrosion. There was a substantial amount of sediment in the block when I first took it apart. I suspect the previous owners didn't protect the cooling system as well as they could have with the appropriate amount of anti-freeze.
I cleaned the inside of the block with a brass wire brush (after the hot tanking done by Will's Auto Machine)
Here is the prepped crank and one of the piston and rod assemblies: