Back in the day when I was "throwing" lots of money at my different engine combinations we used to coat the piston skirts and the dome. Did I notice a difference, No. But all the tech material indicates a positive approach.
https://www.polydyn.com/pistons
Thermal Barriers
In theory, heat management offers great potential for improving an engine's power output. Often, ceramic-based thermal-barrier coatings (TBCs) are used to reduce heat migration, reflecting heat rather than absorbing it. They may be applied to piston-top surfaces and top ring grooves, combustion chambers, exhaust-valve heads and faces, exhaust manifolds and headers, and inside exhaust ports.
https://www.motortrend.com/how-to/hr...gine-coatings/
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'70 TA / 505 cid / same engine but revised ( previous best 10.63 at 127.05 )
Old information here:
http://www.hotrod.com/articles/0712p...tiac-trans-am/
Sponsor of the world's fastest Pontiac powered Ford Fairmont (engine)
Best time 5.13 at 140 mph (1/8 mile) , true 10.5 tire, stock type suspension
https://www.youtube.com/watch?v=qDoJnIP3HgE