I wrote a reply this morning before work saying pretty much what you have just written and then it got lost. Yes, that is exactly what you do, one at a time. If the bearing shell has not spun and scored the mating surface in the big end you should be pretty much OK. I have done this quite a few times, mostly successful. You only have a few dollars and some time involved in trying it. You will need a torque wrench to tighten the caps back up with, don't try without one, it is the crush that holds the shells and stops them from spinning in the caps, not the little tangs on the shells.
I have a Mitsi GTO at the moment that the big end bearing shell did spin, I replaced the shells anyway as I was that far in, but it knocks under load once the oil gets hot, an improvement over the continous knock it had before, but replacement engine time.
1991 MX6 Turbo 4WS back on the road again after 5 years.
1990 4WD Capella Wagon2.0 FE3 now tin cans.
1988 4WD Capella Hatch 2.0 FE3 DD
Last edited by gbilski; 4-2-17 at 23:20.