Pistons are not made of mild steel in any modern engine. They are almost all made of alloys of aluminium.
The tolerance of pistons is almost always proportional to the tune - cast/hypereutectic/forged pistons will all suffer from failures (damaged ring lands, etc.) from prolonged detonation. Forged pistons will just take the punishment for a bit longer due to the extra tensile & compressive strength induced from the grain elongations of the forging process.
I think when they say that, they are talking about 11:1 when tuned to within an inch of it's life.
Toyotas generally run rich everywhere as a precation against detonation.
I believe the 20v pistons would be a Cast eutectic alloy not mild steel cast.
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