Its easiest if you pull the motor and bring the heads into a machine shop unless you want to do the valve job yourself.
Piston rings
Main bearings
Rod bearings
Timing chain/kit
Head gaskets
Head bolts
Front crankshaft seal
Rear main seal
Valve stem seals
Valve springs
Valve spring retainers
Valve cover gaskets?
Pushrods if they look worn on the ends
A gasket set will probably have evetything you need including the crank seals. If you get a new larger camshaft then I would also replace the lifters. If you reuse your cam then I've read that its best to keep the lifters in their original spots. If you don't pull the motor then you can still recondition the heads and replace piston rings and rod bearings but main bearings and front and rear seals would be hard to do. I would also replace the water pump and thermostat if they aren't new.
As far as performance goes you could upgrade the cam along with the valve train components, stroker kit or maybe even just the rocker arms but I'm not as familiar with this type of build on the older engines.