Go with a replacement short block... plenty of people out there who do this. Rebuilding an existing motor usually is not worth the time, money or down time.....
HOWEVER...
Why are they telling you that your engine is trashed?? Low compression could be valves or rings.... with those few hours you probably only need a valve job, and that does not require removing the motor... just removing the heads.
You might want to seek out a second opinion before you have the motor yanked...
Woodsy
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The only way to eliminate ignorant behavior is through education. You can't fix stupid.
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