'Fraid I dont entirely agree with the test method. It is not the furthest point of the water system that requires bonding,it is the nearest. Parallel paths through conductive parts in contact with the water system will give false results. And it is because the system may be at the potential of the general mass of earth that it needs bonding at the point of entry....if it is at earth potential...you are liable to get a misleading continuity reading to the MET whether it is bonded or not.
The point of entry needs to be found,from there you can establish whether or not the water is an extraneous conductive part. If it cant be located you should assume it is not bonded and apply a code 2,as Richard states...perhaps with an explanation such as. "Unable to locate incoming water supply and associated main bonding,requires improvement"