The acceptable ring end gap is .005 to .012 thousandths according to my Johnson manual. You could check the ring end gap by placing a ring in the cylinder, then use the piston to push it in evenly. Then use a feeler gauge to check the end gap. Try several if not all of the rings. Be carefull, rings are easily broken. If it’s wider than spec, then your cylinder may be out of round, and or the rings are worn. You may be able to find a replacement cylinder along with piston rings to get it running again. There are quite a few of these motors around, so don’t give up on finding replacement parts.
Of course there is always the possibilty of an inaccurate gauge…. how much compression are you getting?