my machine shop guy said he would do it but it wouldnt do anything due to it being nikasil,he also said a standerd ball hone or flex hone wouldnt do anything to it at all, he used a rigid hone and even to his surprise it put a nice refinished look to it again, like new but without removing material. the rigid hone is just like it sounds the grinding stones are rigidly presed into the side of the wall vs. having a relativly small amount of spring pressure against holding the stones against the wall.
i still think that under the circumstances,with money being an issue, it wouldnt hurt to have a hone of any kind done and see what it does, if it does nothing oh well you wasted 15 bucks, then send it out and spend the money for a replate. if it works you saved a bunch of cash. you maybe could even touch up the skirt markings on the piston with some fine grit sand paper,dont remove metal as much as possible just the high spots/marks.
obvoiusly, plateing and a new cylinder and piston and rings is better and is going to last longer and be like new.
i am only saying if money is an issue one could probably get by for a while, like you said, you didnt even tear it down for this reason and it wasnt causing as issue before, i would still do new rings with a hone though no matter what while your there.