dont just assume it only needs rings. carefully inspect it or take the piston and cylinder to a local shop and have them measure it.
if its within specs... (.003") and no no damage to the piston/cylinder then you can re-ring it. However if the cylinder and piston are worn to the max allowed. by the time you re-hone the cylinder it will be out of specs and will need to be bore .010" over and new piston kit installed.
Also it is a really good idea to replace the piston pin and bearing EVERY time you either replace the rings or piston. Of all the bearings it has the most heat, stress and wear.
Good advice. But not everyone who needs a re-ring needs a bore and hone and wrist pin bearing either. Some folks re-ring as a preventative maintenance program (I get your point, obviously not this guy) just to freshen things up and unless there is evidence of a problem with the wrist pin bearing, there's no need to crack the wrist pin circlips for it. The only way to know for sure is to measure and inspect.