as for the blue color on the connectiing rod..this is normal..if your cylinder isn't out of round ( tappered in it )..and your cam/rockers/timming chain/valves are ok..then you can get by with just another piston and rings. before you go out and buy all this..first have your cylinder mic'd..and see how bad it is ???.if it's not out of spec..then go for it. get another piston..rings..top end gasket kit..slap it back together..it should be fine. as for your timming chain tensioner..inspect your chain..timming chain guides..are they worn ?..broken ?..is the chain streched to bad ?..if not..reuse it.