If you can notice any up and down you are in trouble but the side ways is normal for one of those. If you test the side ways rock it should be less than 2 mm. The rock is the amount the top of the rod can move sideways without the bottom of the rod allowed to move. It is best to take the piston off to do any checking and if you are not sure find a motorcycle engineer to check it out. Sometimes even if they feel ok the pin or rod can be starting to pit quite badly, only 100% check is to press it apart.