Yeah, with the insert down to the copper, you're going to need to renew the inset at least. I'll bet a shop will say your crank needs to be ground.

Is this an engine with babbit rods or inserts?

If you fill out a signature with your truck and engine info, it would show up on all your posts and be helpful to those who are trying to help you.

Kevin
1951 Chevy 3100 work truck
Follow this saga in Project Journal
Photos
1929 Ford pickup restored from the ground up. | 1929 Ford Special Coupe (First car)
Busting rust since the mid-60's
If you're smart enough to take it apart, you darn well better be smart enough to put it back together.