UPDATE:
Got in touch with a local oldtimer who's been working on old bikes for a long time.
We checked the piston to cylinder clearances and all 4 were 0.08. Funny thing is that he said that you can tell if the clearances are ok by removing the piston rings and letting it from in the cylinder - how fast the cylinder drops usually tells if the clearances are ok. He did that with one of the cylinders and said that the clearance should be about 0.08 (this was before we did the measuring). I guess when you've been working all your life on bikes you catch on some tricks, but this was straight out like fortune-telling for me.
Anyway, he said that its strange that there are these streaks, because the engine looks like newly refurbished and the honing done on the cylinders is very good.
One thing he said that needs to be fixed is the pistons themselves. There's some smooth shiny spots on the piston skirts and he said that might be a problem, because oil won't stick to it, which could result in a seized engine. His advice was to get some 240-320 grit sand paper and just make a couple horizontal passes on the shiny spots to make some grooves for the oil to stick.