I always considered that design as questionable for the reason you mentioned, and I don't understand why Sherwood just stopped supporting their customers with at least new pistons for these models.
The newer models are using a laser drilled 'Flow Restrictor Screw', which is clogging at least as fast as the old sintered filter in the piston, but can be purchased separately until today.
And the latest models ( like the SRB9110) finally gave up the constant bleeding system and use a Schrader Valve system to compensate for depth, keeping the 1st stage dry.
Yesterday I was checking and found an old SRB3202 with a Magnum from the Eighties
When I opened it it was like brand new from the inside with the newer piston model. I didn't measure the bubbles, but I'm sure that the filter is completely okay.
I serviced it, now it looks like new and I can do a fast deep dive to try how fast the air in the main spring chamber is following up the demand during the descend and if I can feel something.
I have lots of Sherwood regulator part (mostly newer models with the flow restrictor screw), but I might have also still another piston with filter laying around. If one seems to be okay, I come back to you.
Good luck.....