Going to a 3 cylinder is a step backward IMHO.
Assuming use of ALH block @ 236mm deck height.
Compression height of stock piston = 236 - (95.5/2 + 144) = 44.25mm
Stock bore x stock stroke = 79.5mm x 95.5mm = 1896cc.
Currently available crankshaft strokes include:
77.4mm - 1.6 AKL crankshaft - cast
86.4mm - 1.8T 20V - forged & cast
92.8mm - 2.0 FSI / 2.0 8V AZG - forged and cast
95.5mm - all common TDI motors.
In order to obtain 1500cc your best bet would be to use the AKL crank.
77.4mm x 79.5mm = 1536.80cc
77.4mm x 78.5mm = 1498.8cc
With a 77.4mm stroke crank you would need a 153.05mm connecting rod with a 26mm wrist pin.
So to answer your questions:
- Take OEM ALH pistons and have them turned on a lathe to reduce diameter by 1mm. The steel bands should still be adequate but this is more of an experiment than anything. Otherwise custom piston with capircorn ($1200USD+).
- Sleeve the block from 79.5mm to 78.5mm bore
- obtain piston rings from total seal or mahle motorsport - $130
- Pauter forged connecting rods using a 154mm blank to obtain a 153.05mm rod / 25mm thick @ big end / 25mm thick @ small end with a 26mm wrist pin and a taper for the OEM ALH piston - $300 USD / each
HTH