Hi:
Machinist's bars (round stock) of pure polytetrafluoroethylene, PTFE, is the correct starting point.
However, PTFE has a low yield stress which means it is easily permanently deformed, and could thus could be deformed by the acceleration and deceleration forces experienced with piston movement.
Oppositely, spring steel has a very highly yield stress. Go with good quality spring circlips and forget the PTFE plugs. Naturally make sure the circlips are perfectly seated and the open section at 12 or 6 o'clock.
What do others think?
Don