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I tried to install a fully assembled engine, and it's not worth it. I ended up taking the whole front end off (radiator, ac cooler...).
It's a terrible job no matter how you go about it. I have been avoiding the ones that have anything that will cause me to have to remove the engine. It just gets to be a crazy amount of labor.
I would replace the piston, match its weight to another one, and like someone mentioned, get the rod examined by an expert. Maybe put in all new rings if it has over 180k miles or so. I'm sure you could reuse the piston for a while, but did the rod bearing get damaged, who knows? All that expense and it could blow up and eat the $4k engine...
That one crank bearing could have gotten damaged as well, I would probably replace it. But I wouldn't worry about the crank being bent unless the rod is bent severely.
If you're a gambling man (I'm not) then just clean up the piston and give it a try. But, the only hard part left is getting the transmission detached, I wouldn't risk having to remove and install the obnoxious turbo twice, and draining the transmission fluid, AC recharge, coolant...
_________________ 05 CRD: H.D.S2 stat,WW Ironrock trilink&LCA's, OX rear,ARB front, 4.10's, ARB bumper, Suncoast,OME 3.5, JBA UCA,rock rails, Moabs&265/75 Duratracs, GDE tunes ,FFD fan,ARP's, 2 micron fuel, new valves,sasquatch battery tray & grid heater, tensioner relocated Mech fan, VH & AC delete
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