I understand what you're driving at, Alan. $$$
Cliff's points regarding the value of having the rotating assembly re-balanced in light of changing the piston weights is a good one. What is also true, is that the original Ford / Mercury engine balancing work was not THE best.
Cliff's second point regarding replacement pistons having a different pin height coupled with using composite gaskets that have a different compressed height, is true, too. IF your quench dimension, the distance between the top surface of the piston and the flat deck surface of the cylinder head, starts crowding .060 inch, you'll be flirting with detonation problems.
I've run into replacement pistons from both Silv-0-Lite and Sealed Power that have piston pin heights .020 less than Ford's original dimension. My understanding is that the piston manufacturers' expectation is that the engine block is going to be re-machined in the rebuilding process. Two y-blocks I've been through that were previously re-manufactured by Ford authorized re-builders had the mains line honed and the blocks decked as part of their process.
With 2K in your rebuild already, addressing these other issues will serve to support what you've already invested in the rebuilding process. A friend who is currently having a 312 rebuilt by a very capable machine shop here in N.Y., JUST got digging into the quench issue with his machine shop. The build-up of tolerances with the crank having been turned (SLIGHT stroke reduction), replacement pistons having a .020 different pin height, use of composite head gaskets in place of the original FoMoCo steel shim ones yielding a new .046 compressed height, and the original block deck height being different from front to back, the engine came apart again to square and deck the block head surfaces.
A re-balanced engine rotating assembly will yield a smoother running engine AND one that will wear less rapidly going forward. That said, the quality of the equipment and the accuracy of the machinist doing your work, is critical.
Click the link below to see Ted Eaton's article on cylinder head gasket compressed thicknesses.
http://www.eatonbalancing.com/blog/2012/06/30/head-gasket-volume-calculation/Hope this helps.
NoShortcuts
a.k.a. Charlie Brown
near Syracuse, New York