Sorry I missed the M300.. GunPartsCorp catalog Number 23, page 1000 Winchester M1400, part number 233930(numeric number 6). They call it a forearm spacer(O-ring) but it's purpose is evident if one looks... You might check since if you've not seen one before it may well be gone? That same parts list gives a pretty good idea of which way the piston goes in the gas system assembly. How does the gas regulator work.. Don't think I've seen one of those on a 1400 before either. That's the reason I thought you might be looking at a HighStandard. They do have a gas regulator system.