You don't get experience without trying things right? But I definitely don't have the tools to hone the cylinder ...
VERY GOOD POINT!
A three stone honing head is not too expensive...
might be worth to give it the cylinder a good clean (brake cleaner) and then a gentle lick with the stones to try..
That way you at least got a new tool, and maybe learned a few things in the process..
maybe watch a video or two about how to hone a cylinder the proper way

and if you're lucky the cylinder wall will reward you with NOT being all chewed up..
and that's all you need already

It might not be perfect in the end, but if it's good enough to be useable,
maybe that's all you need for now

crankshaft is a whole different game I'm afraid...
you need a really good lathe to do it correctly (that's still really straight and true running), and that alone is no tool that comes cheap or should be handled without proper training (and experience)

A Lathe can kill you rather efficiently if it gets the chance
Also: the other side of your cylinder wall looks very nice, with all the crosshatching still visible and such.
Sooo I'm afraid that leads me to conclude it wasn't POs fault.
Or say.. I doubt the previous owner knew that this is going to happen soon.
If it ran w/o oil (as the crankshaft suggested) the crosshatching would've been gone as well IMHO..
So more likely it's been 'just' the failing con rod.
And while that could've been the fault of whoever installed it.
It might not have been foreseeable at all
'sid