I am not there, and a picture is a very poor way to judge, BUT I have seen some very ugly looking cranks clean up perfectly. What I would do is take solvent and 120 grit emery and polish off the deposits. use your thumb and finger tips or get the babbitt off. DO NOT just use long strips, untill the very last. You want to take off the deposits, it takes time, and effort, and you will get dirty. If there is no metal transfer, steel moved on the crank it will be OK. I have cleaned up class eight motors that seized, while under a full pull that were OK after this repair. I did not believe it would work when I was told what to do.
When you get the crank cleaned turn the motor, so the throw is up, then with the main bearing cap off blow threw the main oil galley with solvent and air to clean out the crank. be sure the piston cooling nozzle is OK. remove the rings from the piston and drop it in and with a new rod bearing check the clearance. If it is good you are a winner, if not you got dirty. You have to do all the bearings. Hone out the cylinder, and re-ring at least the one piston. Get the head checked and heat cleaned. It all depends on what the crank looks like and the clearances you get.