I checked my saws and these are the cylinders I have on them.
I don't know that I correctly identified the 353 cylinders when I did my project work, but I vaguely recall finding some other markings that indicated the cylinders were worth using. They do indeed perform well.
For the original poster....
There are several videos about measuring squish using solder in a chainsaw. I didn't really have a favorite among them, but do have a favorite with regard to the general education. I really like Tinman's videos and he has a decent one that explains squish and other things too:
Tinman on Youtube
For me, I didn't want to tinker with a degree wheel so I just deleted the base gasket, measured the squish using a dry assembly. After finding the squish and rotating the assembly I was comfortable with the assembly. THEN, I used moto seal for the base gasket and bolted the cylinder to the base block. The moto seal will add maybe .004 of thickness.
There is no need to "jump" on the OE piston and cylinder from ebay. The cost for a new 346xp OE piston and cylinder is $200 from H L supply:
H L Supply
Oh, also, there is a cultural belief that .020 is a smart and safe squish, but there was some guy who attempted progressively tighter squish until impact happened. I think this was about .012 for his 50cc saw. I think my squish is .017 on one of my saws and it has performed with no impact for a couple years.
I did have a friend trim the base block with a mill on one of my saws, but this wasn't necessary really.
Run the same carb.
I recommend removing the screen from the factory muffler and maybe using a dremel burr to open the exhaust hole slightly - with the muffler removed. Bend the hood over the exhaust hole to get better access. Or, you could spend $50 for a bigger hole exhaust on ebay. Leave the screen removed
After re-assembly, check all of the screws after the saw is warm initially then after each heat cycle for maybe 4-5 heat cycles. The muffler bolts have a propensity for coming loose and the cylinder bolts have a propensity for coming loose too.
Oh a personal note, I have always coveted a 346xp, but now that my 350 saws are up and running exceptionally strong, I don't have a super good reason to get a 346xp. I will be interested to read how your project saw progresses and your opinion of the saw when finished. This is especially true since you have a good 346xp for comparison.
So, I suppose a fair summary would be:
Decide on a new piston and maybe new cylinder too.
I kinda recommend checking ring end gap for reasonable space.
Assemble without base gasket and measure squish. (maybe no ring installed in piston and a light coat of oil on cylinder and piston)
Smear the moto seal, assemble with ring in piston and good circlip orientation, and allow to moto seal to rest for a day.
Run it gently a few times. Check screws for tightness.
Open the muffler some.
Tune for maybe 12,500 rpm for the first 1-2 tanks of fuel.
Tune for maybe 13,500 rpm and let us know how it performs !
My thoughts tend to be scattered. Hopefully enough of them make sense and there aren't too many typo's.
Sincerely,
Dave