Your compression is good, I say drop
the crank, leave the head on and pistons
in, get the crank turned 10 under, get
main and rod bearings and reinstall, you
could put in a new oil pump while you are
in that far, and replace the timing belt,
should be good to go after that
Get help if you are not familiar with doing
this kind of work, the book is good, but
you want the rods and mains torqued right
and the pan sealed up good for no leaks.
As far as parts, grey Permatex (sp) silicone
instead of an oil pan gasket, rod bearings,
main bearings, front and rear main seals,
oil pump (optional but a good idea) and a
timing belt, get good quality name brand
parts, don't skimp on critical parts.
Wild