I am sure that is at the 12 oclock position on the piston. The sharp edge at the top of the piston tells you that it is not likely over timed as no alum is moved around. The skirt is scuffed, but not beat all to hell, so WAY too much clearance is not an issue. I KNOW you have already heard this........lol......but it is likely just too much fuel. This does NOT happen on one pass but over time. Extra fuel can lead to extra heat in the rings. We know rings have two jobs. One is to seal the cylinder, the other is help dissipate heat from the piston into the cylinder wall and water jackets. If the rings are ALREADY hot, they can't pull heat from the piston as well. The weakest point of any piston is the ring lands. They get hot, they are thin and easily move around. This is how a second gets pinched and a top opened up. The ring is just a scraper and on the down stroke is trying to pull the top off the piston and on the up stroke is trying to push everything off the bottom of the skirt. If the lands are overheated, the friction from the rings can physically cause the land to move and wahla.........we have pinched second and lifted top.
The shiny spots you see are likely where the piston swelled, or moved, however you want to look at it, once the lands got hot and then touched off on the bore, You bend a machined part straight down, the top of it now sticks out further that it did and closes the gap between it and cylinder
Monte