I have used the 3 stone style many times, the long ones.
What kind of condition is the interior because it can take some time if they are pitted.
Most of the hones have a detachable part that's flex and mountable in the drill, the opposite end in usually threaded to the actual tool.
I have used this part with a home made rod of different lengths, might have to weld a long nut on a rod.
Maybe the ball hones are cheaper now, but i sure have went thru some long stones in hd grit.
A simple clean up wont last, pits have to be gone. I have re did some others work, that i paid for and wasn't happy a year later.
It can be done and you can do it don't get me wrong, just recommend the 3 bar and a pack of extra stones in 220
http://shop.advanceautoparts.com/wc...384B/large/22981330_lis_lis23500_pri_larg.jpg