That is a strange one considering high rpm's and loads were not involved if you only ran it on the hose for a few minutes.
Obviously a mechanical failure somewhere in the system. The amount of deterioration at the edge allowing the ring to be exposed is alarming. I have seen this kind of damage associated with a lean mixture causing the piston to start developing hot spots above the ring, material breaks loose and things just snowball from there. But I don't feel 100% at all that my experience explains your situation since the piston isn't aluminum splattered, dry with damage to the crown as well. It does remind me of having drawn foreign material up from the crank area, but you said you pulled it apart, cleaned and inspected the lower end?
If there was this same kind of damage to the first piston then there has to have been failure of another part of the machine.
Mikidymac, a Moderator on the forum, is one of your best bets for getting you pointed in the right direction. This one has me interested, but I would hate to lead you in the wrong direction.