Hmmmmm..... Delrin or HDPE would work for the piston, I often use it for piston rings in air driven models.
But.....
Its screwed onto the piston rod with locktite - that won't hold the plastic.
You could in that case you could use a nylock nut in a counterbored hole in rear of the piston.
I made my pistons cast iron (running in bronze) on the V4 and brass (running in cast iron) on the single.
I made them a few thou oversize, loctited them onto the piston rod and then clocked the rod dead true in a 4-jaw and finished the piston OD to suit the cylinder.
I don't see that process working well with plastic.
View attachment 121290
Note: The 2 small (undimensioned) "V" grooves in the piston are "labyrinth" seals - whilst they don't actually seal, they create turbulent flow in any by-pass - thus reducing it.
Regards, Ken