The ridge at the top will be about 1/4 to 3/8 of an inch down. Measure just below it. The cylinder at the bottom should show no signs of wear due to the piston not riding all the way down the cylinder. You should be able to see where it stops due to the wear pattern. If you have a very slight, to no ridge at the top, from what you just said it sounds like you may be able to get away with just breaking the glaze. Use a ball hone and clean up the cylinder walls. Use automatic transmission fluid, low rpm on the drill with quick up and down srokes till you have a good cross hatch pattern in the cylinder. Don't spend too much time with the hone, just enough to eliminate all the shiny spots. The reason you have less tension at the bottom or top is that is the point where the rod rocks back and forth on the crank. You will have steady tension with the piston installed due to the friction of the rings against the cylinder wall. With the rod and piston removed, the crank should turn freely all the way around. If the crank is free you should be in good shape. The book probably mentions using plastigauge for checking the connecting rod to crank journal clearance. Do that as well. After honing, clean the cylinder real well with soap and water (tide works good). Get it so if you wipe the cylinder wall with a white towel you don't get any dirt on the towel. If the valve guides are not too bad, go ahead and put it all back together and see how it goes. Run it half throttle for about ten minutes, check for leaks as it runs and don't worry about the smoke at initial start up. Use engine oil to pre-lube all the parts and wipe a thin coat of ATF on the piston and cylinder prior to assembly. If the valve seats look O.K., lap the valves in. Make sure you clean off all the lapping compound. Keep in mind the best option is to bore oversize, cut the crank and replace the rod with an undersize, replace the guides and have the valve seats recut. Don't get me wrong, I have had good results just "refreshing" an engine, which seems to be the direction you want to take.