Hi Lorin,
when i worked on fuelcells with SGL Carbon company in the 90tis they worke also on motor parts . For the piston and for the liner they used solide graphite , no need of oil or other lubrication. Some years ago you could order a set for the VW Rabbit motor for test.The good thing is that carbon graphite becomes stronger if heat rise. Metal goes weak at higher temp.
For the engine block it is better to use carbon fiber filled carbon , but this is very expansive as you have to carbonise the matrix material and this process has be done moore times to get a tight and solide material. I have some carbon parts at home as i want to change the piston and linier in a 0,15 cu. in. modelmotor from Webra,to run it with no oil , only alkohol and nitro.
Today they start 3d laser sintering with carbon where the matrix can carbonised by process. This give the ability to design things you have never tought about.
Currently i am helping our WARR Team at the munich university with the hyperloop pod as they use our motors to drive the pod . They won every contest .
http://www.sglgroup.de/cms/international/home/index.html?__locale=en .
Happy Amps Christian