I'd do either.Oddly enough,IC engines went a long time without a plated cylinder.
Plating is probably superior for the above mentioned reasons but the advantages are marginal in the real world.
On the upside,seize a piston on a plated cylinder and it's done,do it on a sleeve and typically a quick hone and you're off to the races.
I've used sleeves with no issues whatever.Given the choice,I'd probably get it plated BUT,if it's cracked anywhere,I'd probably put in a sleeve rather than get it welded-that seems to be 50/50 whether it's going to crack again or not-and sometimes cracks already there aren't detectable-until you ride it after your rebuild.