Yep, Morris you probably remember, the post I made a few years ago about Ray's connecting rods I did for him in the hot rod 1275 I built for him. I showed pictures of how the big ends of the rods were resizied on my Sunnen hone, well you do the same job on small ends with floating pin type pistons with smaller SL mandrels made for this job, your pin size is .812" on the 1500, same as the 1275 (of course the 1275 are a press fit stock pin unlike the 1500 which has floating pins), you'll need about .001 cleanrece for this union. I'd also during assembly use light smear of a good moly assembly lube, not that red crap they sell at Autozone, CRC makes a good one, you can get it at NAPA, comes in a black tube.
And one is correct to beleive, that with new bushings it would almost always require honing to fit.
Also worth mentioning you sometimes have to hone a piston for a pin fit as well, I order all my JE race piston without pin fit and do it myself, and sometime even on a stock off the shelf piston I don't like the fit between the pin and piston's pin bore hole and will hone them just a tad to get the fit I'm looking for, this would apply to either a press fit or flaoting pin application. Another thing to keep a eye on is lubricatin during assembly between the pin and the auminum of the piston, I use a special lubrication oil for this made by Goodsen Tool, it is specially made for this, it spray in thin like a regular lubricating oil, then thickens up to stay stuck on the parts untill inttial crank up is done. This all might seem anal, but I had engine one time where the pin to pin bore clearence was good but during starter spin over to get oil pressure the pin bore aluminum galded to the pin and actaully locked the motor down, and after that I always used Goodson Tool press fit oil, the more engines you build the more things will/can show their ugly heads, and the more anal one will get to fend off even he most unuseal issue.