I'm going to add my 2c in here
Do not skimp on oil of bearings, think about what could go wrong.
You definitely want to get rid of the early m42 timing wheel, that's a must!
When they fail and where known too, things go so wrong!
Also the 360 oil grove in the main bearing while not a must, it is another known point of concern.
Easy to do just buy m50 or m52 bearing set and only use what you need.
M44 oil pump is a nice to have basically it's 1.6 mm wider from memory, which allows it to get more oil to the head quicker when the engines cold. Probably required for the m44 style head. But not really necessary for a m42 and its hydraulic lifters.
If you are going to replace the hydraulic lifters go with the vw ones as they are 20g lighter, or there's the s50 cam tray mod if you want to go lighter again!
Cheers Rohan