This motor did not have new rods installed as someone prviously had installed 1250 rods. Yes it included the pistons, rings. sleeves, machine work and all the other parts. This was a complete rebuild, top and bottom end. The head was in pretty good shape but did receive the typical valve job and associated work. The biggest fear to me for a 1200 rebuild is the condition of the head, being they are so old and generally been rebuilt a dozen times, thats the weak point and would be the only stumbling block when doing one of these.