As the cylinder wears it ovals out, when it wears beyond spec. then you need to bore it to the next size making it round again. With the larger bore size you will need the corresponding piston and rings.
What do you do?
1. Get a repair manual
2. take the top end apart and measure the piston and cylinder
3a. If they are in spec. then buy new rings of the proper size (the previous owner may have bored it before so check the size stamped on the top of the piston to know what size rings you need).
3b. If they are out of spec. then take it to a shop and have them measure it and tell you what size piston and rings you need, then buy the piston and rings and have them bore it.
4. Put back together and run it.
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