If you do it, have the machinist measure the crank to cam center line. Align honing moves the crank closer to the cam and can cause the timing chain to be loose. Cloyes has matched sets to compensate. With an acurate measurement it can be corrected. I wish I had done this and only bought one timing set. This is copied from the Cloyes web site. There probably other companies that offer shorter sets if you look. Most parts stores have them available, but don't list them online so you may have to call the supplier for a part #.
Center Distance is the measurement taken from the center of the camshaft to the center of the crankshaft.
How to Determine the Center Distance of your Engine Block
CENTER DISTANCE = MOS-(CRANK DIA./2 + CAM DIA./2)
Though all engine blocks will vary slightly, your everyday vehicles will already have standard center distance. However, if your block has been machined or aligned honed, then your camshaft and crankshaft are going to be closer together. For everyday street applications you can get away with just using a shim kit to take up the slack. However, in a race application, you should order a Cloyes reduced center distance performance set.