I am just finishing up an 8 month process to overhaul my TIO-540-AF1B and what an experience. The challenge is there are only ~140 of these Bravos flying so parts are very hard to come by. The hardest part to get is the valve guides because they are oil cooled and Lycoming doesn't make them very often. I called around and found a shop that did an overhaul of this engine the previous year and they bought two sets knowing someone like me would call eventually. That was a big time saver and lucky break.
I chose a field overhaul by an engine shop instead of a reman because most people I talked to said it would take up to 2 years to get a reman sent because its a long wait for new cylinders. My cylinders and pistons were in reasonable shape to be overhauled and with new guides, springs and rods I should be ok. The base cost of the overhaul was $110K, but by the time you add all the new hoses, overhauled alternator, v-band clamp, prop governor overhaul, various filters, mounts, specialty nuts, and shop rates to pull and replace the engine, I am closer to $142K. In my case, I also had to overhaul the prop and ended up buying 3 new blades for a cool additional $20K (kill me now). I should have the final cost in a few weeks but I'm at about $165K all-in with an 8mo turnaround.
My engine overhaul was done by Twin Engine Aircraft in Newnan, GA and they did a fantastic job managing the overhaul process with all the many overhauled parts that had to be sent out to shops around the country. Gilmer Aviation in Pell City, AL pulled the engine and put it back on and also did a great job.