Thankyou guys, awesome advice, with a limit to my budget, I think I will pull down the current engine and go through and put new engine seals, crankshaft bearings and piston rings.
I want to make it reliable as it can be, any advice on anything else I should do when I have the engine out ?
I will cope with the lower highway speed it's only 2-3 trips a week, cars will have to just pass me - in awe I hope.
It is the original engine, most things on it are original, so if I keep it that way it also save money on the brake upgrade and I will reco the drums. I have a post about transmission, and power steering, air con (very hot here) but will search before posting.
I'd like to thank everyone as you helped me make the correct decision, now just to make it LHD ha ha.