Ball brush hone, commonly called a glaze breaker, is Fine as long as you start out with a decent surface. A 3 finger hone is fine for knocking down the high spots.
A good heavy duty machine hone driven by a 1/2" drill, the kind that clicks on the knob, and the 4 sunnen honing blades, is the way to go.
After a good, straight boring job getting it close, then the machine hone within about .001, sneaking up on it with the 3 blade, put the crosshatch on with the brush. Thats the way I used to do it back in the day....
Now, I do everything with the Sunnen block machine with the torque plate in place.
Yep on a good ole hotrod 350 with a blower thats not super duper fancy, run a chrome moly top ring, cast iron 2nd, and a good expander oil ring.
The top chrome moly will take the punishment, and do a good job of sealing, the cast iron 2nd will seal quick and lap itself into the wall and give excellent sealing/long life, and the oiler will keep the bore lubes correctly. That is a good compromise that will last a long time....
Straight cast iron rings just wear out so quick in todays motors with the crappy fuel and high water content.
Dual molys will wear out your bore quickly, in less than 80-90,000 miles.
But, in a hotrod that doesn't see that many miles, just make sure the job in done correctly and competently and all will be good.
Hope its the head gaskets....
When you had the motor built, did you sonic check the wall thickness? Some 350's had a lot of coreshift, and under boost pressure it would do a hairline down a bore....causing the exact symptoms your experiencing but it'd overheat....
I still believe a headgasket....