I've had this car for 2 and 1/2 years. That head was off 10 months ago for inspection and the piston was fine, no damage visible.
If the ring was broken in that cylinder shortly after assembly (or even before or during assembly) in that cylinder, that would explain why there was less ridge in that cylinder where it was expected to be. (less or no spring pressure)It seemed strange to me but there is very little ridge in the cylinders and this cylinder had almost no ridge and the piston came out easily without using a ridge remover.
I've got 10 years on Ya' and I remember back in the day that's the way it would have been done. Can remember standing in a grease pit and watching one or two (as required) crankshaft rod journals being ground while still in the car.51 MERC
Your explanation sounds like a real possibility. I found an original piston and will hone the cylinder, fit it up with new rings and new rod bearings and give it a go. I know I should do a complete rebuild but at 73 I'm pushing my luck going this far.
Bill