Fab,
Having torn a couple of these critters down now, I'd have to say the greatest damage is done during assembly. You shouldn't be surprised to find a little scoring on the crank from some debris in the oil, but then it'll probably be less than the machining marks. I havn't found anything on either of my engines that suffered terribly from the brief test runs that were done. The worst damage was all from poor assembly. One of my engines had about a 1/4" of wobble in the cam from having the taper pins beat into place. The reality is that it would probably have run that way just fine for a very very long time. There's not much load on any parts of that engine and they clearly tolerate terrible conditions. I assume that in their native habitat that they're run right out of the box and must provide reasonable service or they wouldn't still be around. Consider that some engines that make many hundreds of horsepower have cranks that are no bigger than a listeroid. The criticality of fit and finish is entirely different if you're spinning 5000 rpm.
Having done a very precision tear-down and rebuild of a couple Roids now, I wouldn't be afraid to just flush one out, check all the assembly, then run one pretty much out of the crate. If you want it to last forever, some additional attention will certainly pay off though.
cheers,
Chris