You cannot re-hone or bore an alusil block without having to re-etch the cylinder walls ($$$$$$). The aluminium is actually etched out of the bores, leaving a very hard silicon crystal structure, porous to oil for the rings to glide on. If the block over heats, you destroy this structure, and you need to treat it again. Nikasil can actually be honed, because it is so hard, you only remove deposits like pieces of old pistons when you hone it. The downside is that sulfur in petrol ate the lining, and left you with soft aluminium.
The rest as rick said.