only problem I would have with running a hone dry is the liquid floats the cutting debri out of the ridges cut by the hone..if its not washed out of there it keeps the hone from cutting properly(the hone should leave microscopic ridges that hold oil..if the hone is run too much or dry it tends to bend over the tips of these ridges..on our big race motors we would run them up on the dyno, check for leaks/do any tuning..then when done we would pull the pistons, re ring on the same cylinder(no hone) and put it back in the chassis ready to race..