Lycoming piston pin plugs are a notorious problem. That is evidenced by the different designs and different material they have been manufactured from over the years. Yes, the metal you are seeing could be from the thrust face, the bearings or the piston pin plugs or maybe even somewhere else. but you should not just jump to its time for overhaul in my opinion. Find the problem and then evaluate. If its a bad piston pin plug that is a way easier fix and a lot less expensive then doing an entire IRAN or overhaul on the engine. At this point if it were in my shop i would start taking off cylinders and checking the plugs. If that shows nothing then you need to dig further. removing rods will show the condition of the rod bearings. normally if a main is failing you can see the metal squeezing out of the bearing. If its the front thrust you can kinda see that as well in most cases. any of those indications would then require the engine to be removed and torn down. But if its a bad plug, then you put new ones in and go about your business. Of course, I am assuming that you are doing the labor to remove and reinstall the cylinders or that you can have that done economically with the engine still on the plane. The labor to get the cylinders off are all you are risking if the problem is not piston pin related. That's a decision for you to make but when you look at the risk reward for checking the piston pin plugs first, I think you will see that that is a viable way to go. Just because you have had one plug go bad does not mean they are all bad. If you end up removing all the cylinders and find the bad plug in the last one then yes I would relace them all. But if you found it on the first cylinder you removed, the you lucked out and just do that one. Or at least that is the avenue I would follow. If per chance the piston pin plugs were all used over during the previous overhaul, that would be an issue, that to me, would require replacing them all. One of the big issues with trying to give advice on this or any forum is you often don't get the whole picture information wise. Trying to make diagnoses from pictures is also pretty difficult. If you should find that you have decided to pull the engine and send it to an engine shop, for teardown, that's all well and good but just the most expensive and time consuming option in my opinion. Good luck to you on what ever option you decide on.
Mahlon