I raced an engine from a builder that ran 1 ring. he ran the top one, basically he said to reduce friction therefore the chrome coating would last a longer, and less friction= more power. When the engine was taken apart there was blow by. This engine was rebuilt after every race, which had about 2 hours of race and practice time on it. rebuilt means new ring, piston, crank bearings, wristpin, wristpin bearing, c-clips, gaskets. yep it was a China P.O.S.
also taking material off the top of the piston will lower compression, the only reason I think it should be done is to correct exhaust port timing. if you want to increase compression you can get sandpaper and place it on a piece of glass then get your head and sand material off the mating surface, this can also clean up some of the imperfections just make sure it is flat