That's about it.
If the cylinder walls are clean and you can see the turning marks on the piston, it's a low hours saw.
It's a high-hours saw if the piston is worn smooth and/or you can see patches in the cylinder that look worn.
If you see grooves and black streaks running down the piston side, it's a damaged saw. You can sometimes get away with re-ringing it if it's not too bad. That's not usually the case, however. The 026 I just bought has grooves, streaks, canyons, and small mountain ranges in the piston side. The rings seemed to be mashed and melted in the their grooves. Not a good sign.
You can also tell what happened to the saw by where the damage is. All around the piston means bad gas or low oil. Around the intake or exhaust ports usually means a lean seize. I think a plugged muffler can sometimes do the same thing.
Oh yeah, one more thing. Make sure the rings are
there. My XL-98A was missing one and I found it in the piston face and cylinder head. Don't tell thre saw, but I just slapped new rings in there and kept going. And finally, my 111S was missing the lower ring. No sign of it blowing up, so I'd guess some Swede in the late '70s had had too much vodka with his herring.