Yes. That is quite low but you have to understand that the ring is still in place in the cylinder and will hold some pressure, even if not perfectly aligned now. However, without the support of the ringland then when the piston moves the ring will unseal more because it is moving around.
Former owner of '99 CSVT - Silver #222/2760
356/334 wHP/TQ at 10psi on pump gas!
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'05 Volvo S40 Turbo 5 AWD with 6spd, Passion Red
'06 Mazda5 Touring, 5spd,MTX, Black