I can't agree with Rob's statements on offset boring. I had my Shelby block offset bored quite a bit when I built my big SOHC engine. This was offset boring the aluminum block itself, in preparation for using larger sleeves, spaced farther apart. I was going for the maximum bore size, so the inboard cylinders (2, 3, 6, and 7) were offset bored 0.035", and the outboard cylinders were offset bored 0.105". My shop used an old style boring machine (Sunnen or Kwik-Way, I think...), and certainly not a CNC machine; there isn't a CNC machine in the place. Those bores are perfectly placed; I have checked them multiple times. Also, after the rod broke at Drag Week last fall, a different shop is repairing this block, and had to touch up those same bores about .003" after the block was welded. The guy at this shop is extremely meticulous, maybe the best engine machinist I've ever worked with. Again, no special equipment, and the bores are right on.
There must be a way to do this accurately, without CNC equipment, because I've seen it done on my own stuff, and elsewhere - Jay