Measure first. If the bore is within service limits & you decide to simply re-ring the pistons, then always hone. The hone job is not to straighten or enlarge the bore, it is just to glaze break, & give the rings a fresh surface to run on. The tiny scratches that the hone makes hold oil & allow the rings to do their job properly.

A great many people have rebuilt engines without honing the bore, & in far too many cases, the end result was much less than it should have been, even if the shade tree mechanic didn't know it.