My LemCo reamer is a precision piece of work that when doing bushings it aligns one set to the other, I haven't seen a sunnen pin hone be able to do that. The only ones I've seen hone the bushings independant of each other - and you can have 2 perfect holes on different axis'.
A proper reamer will ream one bushing from the other bushing so they are sized in alignment of each other. A precise reamer is not to be underestimated.
Reaming or honing is a skill, either is best done by an experienced mechanic.