I just did a LS block that spun 2 mains. Got another #4 cap, and the parting line we real close. Number 2 on the other hand, was way off, so I turned it around and it was much closer. Block align hone fine, and got the crank in (turns fine), and the timing chain is still snug. Things to be aware of:
1) Not all blocks go thru the machining process equally which is why it is difficult to get matching caps.
2) Billet caps are ~0.020" smaller in the bearing bore so they can be line bored to get close to the original bore, then finished up with the align hone for a good finish.
3) Unless you have a machined bar of the correct diameter, you would have to install a crankshaft (preferably ground so it is indexed), and see if there are tight spots when it is spun. A bore gauge will only tell if the bore is round and to size, not bore alignment.
4) Remove too much from the block and you will need a -0.005" or -0.010" timing chain set.
Not sure about Mopar without looking it up, but billet caps (Milodon) usually only contain cap 2/3/4, and not 1/5. All BBM caps are the same, so kits might contain all 5 for Mopar. Hope this helps.