New pumps are expensive, but I replace them at each major re-build. As DynoDave said: People that can look at a pump and tell if it OK are magic, or something to that effect. When you consider the abrasive "material" that is in the oil, from blow-by alone, never mind the primordial soup of sub-micron metal bits, it is a wonder to me that the pumps live as long as they do. The articles I have read talk about axial clearance between the cast pump body, the gears and the cover plate; you can, certainly, return that to OE specs, but you can't restore the fit between the gear teeth or the radial clearance between the gears and the pump body without easily exceeding the cost of a new pump. An oil pressure gauge or a pressure warning light is your friend.
I don't trust oil pumps with unknown history, and I don't trust 44 to 50 year old connecting rods. When you consider the time and money it costs to do a quality re-build a new oil pump is small potatoes. Granted, a new pump won't make up for excessive clearance, but if you measured all your critical clearances after tear down and clean up, you'd know where your problem areas are. I also highly recommend measuring the same critical areas prior to re-assembly; rebuilding an engine is a fun and learning experience, rebuilding the same engine twice (in a short time) is personal stupidity; you should see my dunce cap, seems like I have to learn everything the hard way...Hope you don't