If your short on cash - try changing the oil pump and rebuild the head first.
If the oil pressure comes up after changing the pump, then the bearing are serviceable - yes its extra work and it might cost you a head gasket if at the end you need to take the engine down completely.
Personally I prefer to rebuild the parts I have rather then replace the engine unless I'm doing a swap.
Last edited by efi-diy; 09/29/15 05:35 PM.
