Thanks Jerry,
I didn't even consider the Stinger being the issue. Since this is still a std. bore, port and the stock carb it shouldn't be putting out too much power. The fuel was new 93 octane mixed at 32:1. The plug was a NGK BR8
When it happened I was climbing a hill, noticed a power loss but it was still running. Then tried the hill again, power loss and then it died, I immediately noticed the lack of compression and did not try to start it back up.
The cylinder still looks good but I should measure it out just to make sure. From the looks of it, the rings were fully compressed and no longer making contact to the cylinder, I literally had to pry them out of the piston head. I'll check my pipe to make sure its flowing correctly, as well as the timing since the local shop installed the new electrical components, I have not verified that they didn't advance anything or it slipped.