You're above what would be acceptable in a commercial shop with a reputation for doing high quality work to uphold. I'd suggest using a rigid hone (not a spring-loaded glaze breaker, and honing 3-4 thousandths out of the bottom of the cylinder to minimize the taper, and then putting as heavy knurl on the piston skirts to get the skirt clearance close to right. I've honed cylinders .005" or more bigger than the normal size and taken up the difference by expanding the pistons, and the engine was good for 50K miles or more without excessive noise or oil consumption. If you're planning on making the truck a daily driver, do the job right and rebore it, regrind the crankshaft, recondition the connecting rods, etc. For a quick freshen-up on an engine that sees limited use, hone, knurl, and re-ring it.
Jerry
