Firstly, thanks to everyone for their sound advice and support. However, a lot of you are not going to be happy with what I have done.
I have replaced #1 big end shell and I am going to re-inspect after 250 miles. If it shows any signs of distress I will do a bottom end overhaul. I have to say that the engine now sounds so much sweeter. It idles smoother with no bottom end rattle on start up. The advantage of this scheme is that I need the car driveable as it it goes away for a small amount of bodywork next week. It also gives me time to contemplate and plan a possible bottom end overhaul in the spring. By the way, the plastigauge reading was 1.5 thou. Not bad!
To that end, for little money, I have bought a core engine. This autumn/winter I will disassemble it and assess whether or not it is overhaulable. Either way I will have fun doing it and it will give me the confidence in doing the possible bottom end on my engine. As a retiree I have plenty of time on my hands so I can be slow and methodical.
To tap on the wealth of knowledge here, I am starting a new thread called "my engine overhaul". I beg your forgiveness in advance for the numerous and obviously stupid questions I will be asking.