The only reason you would have to re-hone the block would be if you installed new rings. You don't have to hone the block out again.
You should be able to tap the pistons up enough in each cylinder to remove the crank without pulling each piston out. Use rubber hose on the rod studs so the studs don't scratch the crank, when tapping the pistons back down onto the replacement crank. There is also a plastic sleeve protector to cover the rod studs, don't remember who sells them at this time. Sure some performance shop sells them in your town.
I have done the repair suggested earlier in an 87 toyota cressida, when I worked at a toyota dealership. It held up and worked with no issues, had the car for 3 more years before i sold it. It was my daily driver by the way.