You forgot resurfacing the bellhousing,water pump,and timing cover mounting surfaces and honing the freeze plug holes.I heard a story of a guy setting up a 348 for boring, got the set-up wrong, and promptly reamed into water jacket on 1st cyl.
There could be a lot of hidden extra cost in machining a W-block. Extra set-up time not free. These blocks are 50-60 yr old, where they been sitting?
So lifter bores rusted, got to bore them out and bush (keep that geometry right). Main caps been left off (if you can find them), maybe you have to resurface mating surfaces
and align-bore/hone? Ditto for cam bore. Don't forget a sonic check and/or magflux just for insurance.
Normally, you'd chuck a small block and look for another instead of doing these things. Finding another W might take some time.
Once the block is ready, then you can stress the block w/torque plate before boring (oops - shop does not have t-plate for W bolt pattern). How 'bout honing that stressed bore true with Sunnen CK-10 or whatever machine is now state of the art. A few other things...
A good machinist/shop will guide you thru this process, hopefully tell you when to punt and start over, and give you lowdown on what is really necessary/what isn't. Good parts and workmanship are necessary for a motor you want to lean on from time to time.