Wait until the machine shop takes it apart. I recently tore down my LQ4 with 262k miles for a refresh and the crank journals looked excellent. Should have taken a photo. I didn't even bother "mic"-ing it.
The LS cranks are very robust and made from nodular iron (also called ductile iron). Folks push 800-1,000 HP through them on highly modified engines with stock bottom ends. If the journals look good, there's absolutely no reason to replace it in my opinion. Get the reluctor wheel swapped by the machine shop. I think my local shop charges $100 for this plus the part.
IIRC, the Summit Racing LS cranks are turned down. Maybe 10 thou or something like that?
@Geotrash I think the Lingenfelter converter box converts 58X to 24X, but not the other way around. But OP should look into that to confirm...