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If you are going to do a complete rebuilt, mileage doesn't really matter. All the parts that are worn can be replaced, provided the head and the block are undamaged. Obviously, the more that has to be replaced, the more it will cost. If cost is a big factor, a rebuild is probably the wrong choice anyway.
The key to a good rebuild is finding a machine shop that knows how to work with FRM. Odds of finding a shop locally that has experience with FRM are slim because, as far as I know, FRM sleeves are only used in a few Honda and Porsche engines. If the sleeves aren't honed correctly, your build will be trashed. This means you will probably have to ship the engine somewhere to get honed/bored/resleeved/whatever correctly, and shipping an engine back and forth isn't going to be cheap.
That said, a swap is easier, cheaper, and less can go wrong with it if you get the engine from a reputable source.
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Bluetop H23a Vtec Swapped NHBP '99 Base
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