Mate it's just someone with a lathe who has rattled up some rings, and had a grooving tool I would venture, maybe they had seen a Webley service and thought a few extra seals may be a performance winner, impossible to tell when it was done, maybe even pre chrono days when folks tested power by firing point blank onto concrete and metal and comparing how big the pellet spread
I have seen drilled pistons on these, rear sleeves removed on later STD 45 inch pistons, funny brass weights and guides, all sorts, all often looking like they were done a good while ago on guns that had not been apart for a spell.
https://www.flickr.com/photos/312284...7607860743867/
https://www.flickr.com/photos/312284...7607860743867/
https://www.flickr.com/photos/312284...7607860743867/
People have been (those with the kit) faffing around with airguns since the day they were invented trying to "improve" them......That's how Lincoln Jeffries started out before he decided to make his own design.
A you say, it's just a normal length piston with the normal length bearing surfaces by the look of it;
https://www.flickr.com/photos/312284...7607860743867/
No idea why the geezer thought several rings would work, maybe he was thinking it would be like an engine, or had seen an engine apart, who knows?....(some older piston engine designs had up to 4 or more rings, one even on the lower skirt, to try and control compression and oil issues).
Is the front bearing surface the same O.D. as the rear by the way?....ie, no attempt to reduce friction by having the rings act as bearings?.....the rear normally galls anyway as the thing goes up and down, so even this idea (if intended) was not done 100%
ATB Ed