These decisions are never easy; as you know I'm going through a similar thing with the Mazdaspeed. If I were not able to do the work myself, I'd probably just drive the car until it stopped running and scrap it, but that's for a car that really isn't worth much of anything even in running condition. Your Honda might be a different story. I'd have a hard time selling it with the knowledge that the engine was failing but I won't judge others on their decisions.
Realistically, swapping an engine is an 8-20h book rate if I had to guess. Assuming you can find a used engine that's been tested (you could even do an oil analysis on it), and assuming the rest of the car is in good shape (i.e. it's not rusting out and doesn't need another several $K in repairs, it might be worth having someone put in a replacement engine.
I can't see the justification for spending $5k on a good reman.
JV
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