Thanks, all for the replies, they are good inputs.
Jim, thanks for the comment on Duplicolor High Heat not being fuel resistant. You spared me an attempt that would not have succeeded.
I heard that regular Duplicolor engine paint works, preferably Ford Red, which is close enough to McCoy OEM. That it might be aftermarket paint applied to the original paint, I noticed some flaking off as a thin black coat. I pulled this head off another engine I had, since one I was using was leaking plus borrowed the socket head screws off it. It very well could be touched up. I have Plasti-Kote engine paint, it too is not as good as Duplicolor regular engine paint? Rather than paint, I guess I could simply leave it in the bare aluminum like the Foxes and other engines.
Regarding loose piston fit will still run well. I noticed the same on one other McCoy 35 RH, too. I had a similar experience with one plain bearing Enya .15-III that was worn out, most likely abused. If I could get it to tick over, it seemed to run as strong as one with a good piston fit. Perhaps it is related to both Testors and Enya being cross scavenged and the engine Castor oil content is sufficient enough to maintain the seal during run time?
I've heard about the crockpot treatment but never tried it. I have an old electric Polyperk percolator with a slow leak, not good for much else, thought I might try it with engine. Once it stops boiling, it rolls over to heating mode.