if you really want to do this kind of work you could either take your cylinder into a machine shop and have them mic up the bores and recommend some action. You may only need a precision hone to true the bores and then drop in a new set of rings or they may say that the bores are out enough to warrant a rebore and a new set of pistons.
The other option would be to buy yourself a dial bore gauge like this one.
$50.00 U.S. on flee bay plus shipping. If you do this you'll also need a 2-3" outside mic to set up the bore gauge. Also with the outside mic you can check your pistons and the difference between the 2 measurements is the piston/cylinder clearance.
Bores can wear out of round and just running a 3 stone hone through the bores will break the surface but if the bores are not round, it will take many thousands of miles to break in and seat a new set of rings. A precision hone will true the bores to within less than .0004" so breaking in the rings usually only takes a few high speed runs to seat the rings, and that's a whole process on it's own which is worth investigating if you've never looked into it.
Bottom line, if you're going to throw money into a rebuild, best spend the money wisely. Understand you're problem and decide which direction you need to go in to cure the problem.
I'm also a firm believer in leak down testing. It will ultimately tell you where you're losing cylinder pressure which will also tell you whether you're oil consumption is ring related or valve seal related. A lot of oil burning I believe is related to the valve stem seals for 2 reasons. First, the older style seals I believe are possibly nitrile or maybe viton and will harden from the exposure to heat. The newer silicone based valve seals will handle the heat a lot better. Second, if you look at the cylinder head and try to imagine the flow of oil in the head you'll realize that the valve seals sitting under the bucket shims are not flooded with oil like they would be in a rocker arm style cylinder head and as such the valve seals are not cooled by the oil like they would be in the rocker style head.
Hope this helps with your decision
KB