Thanks alot for the help guys much appriciated!!
Firstly the pin hasnt ovaled round so thats the 1st positive,
The piston and liner have no visible marks so that too is positive!
Regarding the point at which the piston pinches at its strongest point, it appears to be pretty much at the blackish line it has created when at TDC. (The blackish line nothing more than left over residue from combustion.)
Im assuming at this point this is also positive!?
I have done a little research on this pinching thing......

From what i have read its a case of getting a small jubullee clip and tightening it up around the liner with the piston in it until it feels tight then heating it on the stove and dunking it it cold water!!!??? Sounds rather crude! Is this right or are there proper tools for the job! Im not gonna pay for someone to do that, i would much rather bodge it myself!! lol
If someone does do all this with proper tools how much am i looking at for this and to replace the bearings just to be on the safe side too? Could you provide names and numbers as i would like to get it up and running aagain asap. I looked online for new piston and liner and its like rocking horse ****. Only place i found it was 80 squids on fleebay coming from Tiwain or some other far away land that will take half the remaining season to blo**y get here!
For some reason it seems os spares are not as widely availiable as other engine manufactorers.
Just another quick question a go engine is around the 150 pounds mark, 120 if you go with the cheaper one. Would these engines be as good as the os with regard to performnance or are they cheap for a reason? Its just if the cost to fix the os is going to near the 80 pound mark for peace of mind i would prefer a new engine. would the pinch fix last that long or is it just a short term fix?
Thanks again for you feedback guys, much appriciated, i look forward to hear what you think