With the 1275 factory sleeves, the walls get too thin. The OD on the factory sleeve is just 2.870" If you bore out to a +.044" (custom pistons) with 0.003" clearance (SCCA limit is 0.047") the bore ends up at 2.828". The sleeve runs out of thickness.
I have sleeved 1275's for racing using an aftermarket sleeve. I use a 2.937" OD sleeve from LA Sleeve or turn down an OHIO sleeve or Tiger sleeve and press into the block with a step at the bottom. Factory sleeves only use the press fit. They extend slightly past the bottom of the bore. You can tell if the block is sleeved by removing the distributor retainer and the drive and feeling inside the block at the drive relief area for the sleeves sticking below the #3 & #4 cylinders.
Yes, Chris' engine looks to be still on the factory fitted pistons. Albeit the #3 oversize. The other cylinders may or may not be a #3 oversize. STD rings should fit. Clearance might be a bit on the wide side, but depending upon ring set used, they may have some oversize/wear compensation included. Often, a rebuild ring set has about 0.005" of extra diameter.
Looked last night in two locations and nothing of any detail on factory STD piston oversizes. They mentioned the usual +10 to +40 oversizes, but not the stuff for block boring "oops".
FWIW, Late 1275s dropped the last factory oversize and change to a letter code. Only A and B factory oversizes show up. Have never seen a "C" sized piston in the later black painted engines.
Have a great weekend. I'm off to Roebling Road for some racing. Mike