Bore or hone old cylinder

[Redleader]

I have a project basket case 75 RD350 I've been working on for a little bit. I recently pulled the top end apart and noticed a little bit of rust in the right-hand cylinder. There appears to be a little bit of pitting (highlighted in red).
I was able to measure the bore, and it came back at 63.98mm. I measured a few different places within the bore (both vertically and front to back/side to side) and it was all in spec.
After cleaning the cylinders, pistons and unsticking the rings, I did a compression test and got 95psi in both cylinders. I know that's still pretty low, but for an engine that hasn't run since 1998, I figured it wasn't too bad. Both the clean cylinder and the cylinder with the spot of rust tested the same.
I'm trying to figure out if I need to bore the cylinder out one, or if I can just hone the cylinder and replace the piston/rings. I would rather not spend a few hundred dollars to bore out the cylinders if I don't need to.
I'm wondering if anyone could offer some insight or advice on to bore or hone the cylinders.

[m in sc]

depending how you are measuring.. eh. age has zero to do with it, rings sound toast. easy way to remedy is hone and rering or find a set of std pistons with rings, the yambits tkrj (?) ones are good and dirt cheap. anything in the 90s is ring or bore time. 0.02

https://yambits.co.uk/rd400c-piston-kit-std-p-7986.html

[soonerbillz]

I agree with Mark.
 If there are no score marks and the bore measure out good stock size a light hone and new stock rings should fix the low compression and run just fine.

[Redleader]

Thank you both.
The engine is currently torn apart so when I put it back together I'll get some cheap rings to put in it and see how it does.
After I know what I'm doing with the cylinder I'd like to throw some new pistons in it. Possibly pro x, but we will see.