Here's my advice, pull the engine out, it appears you'va alray decided to do that. Reringing is only option when the bores are within spec and even then you need to hone the cylinders, you may very well find broken rings, common in bores with too much wear in them, 3 of the 4 top rings in the MGB customer engine I'm currently building were broken with two of the piston having ring land damage. As for the cam, I recommend APT cams and their 60+ rockwell c lifter, not cheap, but cheaper than doing this twice. Chances are you going to find worn cylinder bores and need to bore the engine anyway, the only MGB used engine I ever saw that I rebuilt that didn't need boring was a 30K mile engine a guy bought and we went through it, just to make sure it was in good shape, all others I've done in the past few years, maybe 15 or so MGB motors have all warranted boring,and new oversized pistons. Do this right, doing it twice will only cost more.