Thanks for the info CNC-Dude, your input is greatly appreciated.
I guess my thinking on this rebuild was to use as many of the original parts as possible, replacing what was worn, or in the case of the camshaft, a performance upgrade. I'm trying not to spend a ton of money on this one!
Due to the low miles on this 261 I'm hoping the crankshaft and pistons are OK to reuse. I will have to replace the rings as I broke 2. I can live with replacing the timing gears, although they looked pretty good to me too. I just wasn't sure about taking the camshaft timing gear off and reusing it on a reground cam.
I'll look at all of the areas you mentioned before I put this back together.
Thanks again, Mark.