Well, I still think you can use that block. Most of the time when a block is sleeved it is because it has been damaged, and broken through into the water jacket. It sounds like that is not the case here. As long as you have the original cast iron bore behind all of the sleeve, and not some spots where the back of the sleeve is open to the water jacket, I think you can bore it to 4.05". Sure, the sleeve itself will be thin, but you will still have the standard cast iron backing it up.
Bottom line, if you are sure the bores weren't cracked or broken before they were sleeved, I think you can bore it to 4.05".