It kinda depends on your budget. If the back of your block is rusted out you'd be better off getting a new 7M in there. Or if you have the ability, just get a new bottom end and rebuild everything over to that yourself. It'd be too expensive to get someone else to do it. By that stage you could just go the 1JZ halfcut. 7M's are getting a bit long in the tooth so whichever way you go with them there'll be extras involved with freshening them up again.
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