Two Choices...Scrap it! OR Cut the piston out and see if the barrel is salvagable. I highly doubt youll get this one free,as the Piston will be as good as welded to the barrel. If its a Model 2 barrel you shouldnt have any trouble getting another. If its a Model 1,then you will need to try and save the barrel,as they are harder to get.
Get the barrel loose and see how much damage is done to the internals of the crank case from the water,they may be corroded as well. If they are good id get another barrel,rebore and piston kit and start fresh. Spilt the crankcase and take remove the halves from the crank and put them aside so you can work on removing the piston without damage to the "Important" Casing.
I never asked,is there a Victa" stamping on the front of this Engine?
