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850 engine: rebuild or buy used? 850 1995

Fuel pressure regulator failed. Engine bent a rod, has minor lower cylinder sleeve damage. Shop says no problem, just bore .40mm oversize, fit new pistons/rings, and engine will be good as new. I'm skeptical.

I can buy a Volvo rebuilt long block (850 5-cylinder, not a turbo) for about $4200 (list over $5500) -- more than I can afford. Used engines range from $850-1500 depending on mileage (55k - 100k miles). Rebuilding my engine will probably cost $1000-1500 using "OEM supplier" parts from various web sites and mailorder places.

Opinions, suggestions, comments? This is my wife's car, she needs it back, and I just can't afford to pay the dealer's shop costs. Thanks for the help.
--
-- Bruce / '82 244 (315k miles!), '86 745, '87 760Ti, '94 854






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