the pistons will rock slightly even in a freshly rebuilt shortblock - although it is usually difficult to discern w/ the naked eye. If your piston to cylinder clearance is too great then when the motor is cold, it will sound strange at idle, kind of like a diesel engine. That noise is the piston skirts slapping the cylinder wall. It usually goes away when the engine heats up. However, on a loud motor - it can be tough to hear. The downsides are that the piston skirts will get beat up over time and actually collapse slightly. Pistons have a taper to them, where the bottom of the skirt is generally a few thousands larger in diameter than the middle of the piston. Lots of slapping will get rid of this taper. When that happens, the piston really starts a rockin. As long as your pistons haven't collapsed, you shoudn't notice anything that would hurt performance. At the machine shop i used to work for - they had a lot of customers than ran NHRA stock eliminator. That class really limits mods on the motor, and you are supposed to run stock carb, intake, rods, crank etc, w/ no porting. Basically, the only change is duration of the cam. Even have to run stock lift. Long story short - every advantage is sought after in this class. They would intentionally make the pistons super-sloppy in the bore to reduce friction. As they went down the track, you could see a faint blue cloud of smoke trailing the car. Made more horsepower though!!