Nozila - there is nothing that can't be mended.
I wouldn't be at all surprised if the PO attempted to fit 533 pistons, fired up and BANG! The piston came out of the cylinder sleeve (it didn't want to, but there was nothing of its smaller height to keep it in on shorter 447 conrods) - it would be interesting to see a pic of the surviving piston.
New cylinders, piston rings, pistons no problem (I have just replaced mine), then you have the crankshaft assembly to repair - it is a simple structure, and the failure will be easy to spot for a mechanic.
If I am right, the cylinder head might have no damage at all, and the action took place below the valves (but you have the advantage of seeing what's in front of you.
Pics of other piston, cylinder head, valves, and crankshaft (or what you can of it).
Come on, you can get this thing going - there is plenty of help for you.
Anlaf