You might be opening a can of worms if you are considering rebuilding. That's what I'm currently experiencing. I'm in the process of rebuilding my 1989 AQ151 and locating parts is very challenging. To answer your question, yes, I believe you can use mostly automotive parts with the exception of the pistons, which you'll have to have custom made, the cylinder head (the rare 1000531 head used only in cars sold in other countries, and maybe a few other parts.
If you want to proceed down that route I can give you part numbers and sources for the parts.
DO NOT HAVE AN ENGINE REBUILT BY A CERTAIN REBUILDER LOCATED IN INDIANA (that shop has tied my engine up for more than 6 months with one "delay" after another) I don't want to release their name in the hopes that they can make good in the next few weeks.
If you can go with a few less horsepower you can use pistons for a AQ131 and a more common 1000530 cylinder head.
Good luck however you decide to go!