Jerry, that's not a piston, that's a donut!
I got down to getting the camshaft off and found something interesting. The intake rocker arm for cylinder 1 had the part that comes in contact with the lobe of the cam worn concave. I'll post pics tomorrow, I was in a bit of a rush today. Unfortunately I couldn't find the right tools to remove the part with the valves in it to see if my piston looks like Jerry's or not. So for now I'm still not totally sure what went wrong but I'm beginning to think Jerry and 650 are right and something went wrong and the valve punched a hole in the piston.
I wonder if the ticking noise I was hearing was the valve hitting the top of the piston? The biggest thing that confuses me about this all is the ticking noise went on for at least a hundred miles, more likely 200, so shouldn't I have felt a loss of performance or something before it went all fubar on me? Aside from the obvious "Brandon, pay attention to ticking noises, it's either mechanical failure or someone put a bomb in your engine" is this something I could/should have seen coming?
Thoughts?
Brandon