Those slots may help aid lubrication, but I think they where put in to keep the piston from seizing when it got hot. Wayne's replacement, as well as the ones that used to be available from Bob Kerr, had no slots.
Rick
In researching port timing and piston skirts I came across :
"Fitting pistons into the cylinder properly is very important. Because metal expands when heated, space must be provided for lubricants between the pistons and the cylinder walls. Pistons must have features built into them to control expansion. Without these features, pistons would fit loosely in the cylinders when cold, and then bind in the cylinders, as they are warmed up. This is the problem with aluminum because it expands so much. The pistons (fig. 3-25) may be designed with the following features to control expansion:
It is obvious that the crown of the piston gets hotter than the rest of the piston. To prevent it from expanding to a larger size than the rest of the piston, it is machined to a diameter that is approximately 0.03 to 0.04 of an inch smaller than the skirt area.
One way to control expansion in the skirt area is to cut a slot up the side of the skirt. As a split-skirt piston warms up, the split merely closes, thereby keeping the skirt from expanding outward and binding the piston in the cylinder.
Another variation of the split-skirt piston is the T-slot piston. The T-slot piston is similar to the split-skirt piston with the addition of a horizontal slot that retards heat transfer from the piston head to the piston skirt.
Some aluminum pistons have steel braces cast into them to control expansion.
The skirt, or bottom part, of the piston runs much cooler than the top; therefore, it does not require as much clearance as the head."
From :
http://www.free-ed.net/free-ed/Courses/15%20Transportation/HeavyVehicles/HeavySystemsShow.asp?iNum=0201Rick nailed it .
It seems the OEM pistons may have been ahead of their time . Unless skirt slotting was common practice in those days . Anyway , now we have conformation , of sorts , and a better understanding .
Pete .