It should work fine for you. I have used 12L14, the US equivalent of EN1A Pb, on a number of small engines with lapped cast-iron pistons and one hit or miss engine with cast-iron rings on an aluminum piston. All have been satisfactory.
Many years ago 12L14 was used for cylinders and liners by several commercial model aero engine makers in the US using CI ringed pistons. These were mostly the lower cost engines in their range of radio control engines. These engines worked well but wore out after a couple of hundred hours of flying. Being low cost engines we normally just replaced them every season or so rather than rebuilding them. By comparison, the highest quality chromed sleeve engines of the time would only last about twice as long and cost far more than twice as much to buy.
Gail in NM