I was reading through this posting set from #1 and got right to the penultimate post and thought to myself that
"this must be bodged fitting of valve guides (too tight tollerance) and they are probably binding on the stems and riding up and down with the valves" looks like I might have been correct, but the oil control ring beggars belief and would have made some funny noises and cause a bit of oil burning right from the word go as well. What are the visible marks that can be seen lower left on the piston wall in your shot? Moto Corsa is being blamed for the oil ring defect, but didnt you state that Ged had honed the bores and re-ringed the pistons?
"The engine has had major work over the last few thousand miles including new valves, followers and guides, pistons may have had some attention, new rings and honing ( not sure how good , suspect fairly basic)" was all this Moto Corsa? or some and some?
It (the head) is very likley in the right place now as are the barrels, hope it can be reclaimed.
CLEM