Hi Jack,
I'm certainly no expert, but I've been trying get answers to the same questions. This is all I've been able to find out so far:
Sleeved: Cheaper after initial install because you can have 4 or 5 re-bores. Better heat dispersion (claimed). You must use a chrome ring.
Re-plated: Must re-plate after wear or damage. Less drag and therefore a little better revving and power. Better heat dispersion (claimed for H2O cooled). You must use an iron ring.
L.A. Sleeve
http://www.lasleeve.com or Rick Peterson Motorsports
http://www.rpmsbigbore.com/repair.htm would probably be good places to talk to. Here is a re-plater in Pennsylvania
http://www.lukesracing.com if you are on the East coast. Sometimes there is a good local or regional business that can do it. Ask other racers in your area or talk to someone at a local MX event. Good luck!
J