I believe that some fifties pistons were made from Rolls Royce RR56 Hiduminium alloys. The other elements give particular effects. High silicon alloys were used because of their flow characteristics when casting. Copper tends to indicate a stronger alloy, magnesium tends to be anti corrosive, and there are chemical spot tests which would show which type of alloy you have . They involve adding a drop of dilute sodium hydroxide solution to the alloy then a drop of dilute hydrochloric acid. If the drop of caustic goes black, you have a copper based alloy. If it goes white a magnesium based or zinc based alloy, if the white disappears when the acid is added, the alloy is zinc based. The Japanese two stroke pistons were made using a spin cast and forge machine to get appropriate expansion characteristics, so the alloy is probably substantially different from that used in British pistons. I used Hepolite pistons for years in many motors and never had a seizure, however I suspect the bore clearance which was specified by the maker, was sufficient to never give trouble. My feeling is that the bore clearance is better tight than loose, however a lot depends on how lean you run the motor to get maximum power. (Methanol is great in four strokes.) I don't know what hypereutectic alloy is, sounds like something with unusual melting characteristics when cast. It would be an interesting exercise to find someone with a direct reading emission spectrometer, and spark a range of pistons from various sources, and all would be revealed.
I wouldn't worry about gudgeon pins which slide in easily. They've been like that for years, in the old days we used to heat the piston with a rag dipped on very hot water. A loose gudgeon (within reason) never blew up a motor.