Just an update if anyone is interested- found some severe pitting from I assume water sitting in the #3 bore, i think the block will need to be machined now. its already 60 over so im not sure where i would get pistons.
I guess i'll keep the motor and maybe rebuild or sell it one day...
I found a 1961 apache 30 for $500 with a 235 in it. I got it running easily and plan on using it in my 46' - ordered a water pump adapter plate and a gasket kit for it.
I think i'll keep the 61 too, i really like it. its in pretty good shape, probably swap out the suspension though and of course i'll need a new motor for it now! it has those 7.00x18 tires that dont appear to be very cheap or easy to find!
neat truck though.