A mechanic I know who was an old sage and has since passed,used diesel fuel for many uses ,like a parts cleaner and engine flush before an oil change..
One truck a friends dad had,an '86 C-10 with a 4.3 was smoking,using oil,and spark knocking..we all assumed the engine was on its way out..
But that mechanic took it in for 3 days and all he did was fill the engine up all the way to the valve covers with diesel fuel,and let it sit 2 days..
On day #3 he pulled the drain plug out and what came out of the oil pan was amazing..coal black oil,with some chunks and blobs of carbon & soot looking sludge!...he poured a bit more in with the drain plug out and after it came out clear looking,he filled it with 15W-40 diesel rated oil and started it up...
It smoked like a tire fire for about 15 minutes,then it slowly tapered off,until it wasn't smoking any more out of the exhaust..then he took it for a ride ,and gunned it getting on the highway several times..when he returned,he removed the EGR valve and cleaned all the gunk out of the passages,had to use a drill bit by hand to open up the passages..
After that the engine ran much better,smoother,and had a lot more power,and no more spark knocking..I guess the thing was just all coked up from the owner putting around on back roads with it all the time he owned it..
The mechanic claimed when he worked at a GM dealership in the 80's quite a few of the early 4.3 V6's with carbs would carbon up badly,some he said the intake valves had so much crud stuck on the undersides of the heads and stems hardly any fuel could get into the cylinders..and they often did that procedure to "fix" them..
Maybe you could just pull off a rod & main bearing cap and see if copper is showing on the bearings..if not,you may be able to get away with not doing any lower end work...