Thanks for the posts guys... I always like to hear others input, and the owner does as well.
Of course the true decision will have to be made once we see the bore, but i can't expect anything bad as good as it is running right now. I think the one that started smoking after i repaired the top end was due to operator error, they might have changed the oil and not filled it correctly so it was run low on oil, can't prove it but i think thats what happened after seeing the aluminum smeared in the bore. Thankfully they didn't run it long after it started smoking so some time with the flex hone and oil and it cleaned right up, was within the service range of the stock piston and rings after measuring so i just tossed it back together with new rings.
Hoping my rebuild goes smoothly also. Now i have two 200's that i have to strip down and put back together this month! Although his 83 will be a one day job as long as i don't run into any issues, just tear it apart, put it back together, done.
Mine will be a bit more extensive as i am going to replace the timing chain, guide and tensioner, all the gaskets, lap the valves and clean up the head, etc. Though mine might not need rings either, will inspect and measure and hone and re-ring if i have to.
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1984 Honda ATC200ES "Big Red"
1982 ATC200E "Hondie"
1988 TRX300FW "Project Quad" Still in progress....