Well, we all have opinions and you've gotten some good ones, now my opinion you have a nice car and it shouldn't cost you 10K around 5-7K for a complete rebuild then you know what you have and there will not be anymore guessing.
You have the majority of the parts other then the rebuild kit and what was damaged, The 1st shop you stated welded the oil pump pick up that probably where your issues started.
But you now have metal in the motor I wouldn't trust putting more money into it and then have too tear it apart once again.
50 years ago we did that but W motors were plenty full and we were young, the one thing with hot rods today and keeping them like when they came off the show room floor is patience's 6 months too a year isn't long rebuild the motor.
You live in CA find a shop with a guy 60 years old, he'll talk with you and tell you what's best rebuild. I won't use a shop that uses mechanics in their 30's or 40's no offense too you young guy's that just my opinion.
Some of you guy's are great like Nana
You have a car that was restored twelve years and only has 2500 miles on it, then you bought it a put 800 miles on it in 3 months.
I drive my cars at least 1000 miles per year.
Also your a electrician, so you have common sense you can rebuild this motor yourself and there's a ton of info on this site and YouTube, but you got too be patience.
Just my opinion and you can do this trust me again with patience's good luck
We'll see how this all plays out, but if it is a full rebuild scenario, then there's things I wouldn't like to overlook like upgrading to have a 4 bolt main for example. At the end of it all will be pretty pricey either way :/