I wold not worry about compression so much. Do a leakdown test
I stole this from a now defunct forum
Building a simple Leakdown tester
This tester is a valuable tool that allows you to put some air into the cylinder area and see where it leaks out. As you can see from the picture the tester consist of a pressure regulator, hose with spark plug thread and some fitting to connect to your air source. Engine Leakdown TesterThe regulator I used here is a Sears 282-16025 and is still available for $22.99 at Sears. The hose and fittings are available at auto parts stores or in compression tester kits. Once you have made your leakdown tester, you will need to have the piston at TDC on the compression stroke and lock the flywheel so the engine cannot turn. Screw the tester into the spark plug hole and slowly dial about 30 to 40 pounds of air while listening where it comes out. More air than this can be dangerous and is not necessary. Be sure to isolate the breather hose from the carburetor, so you are not mistaken where the air is coming from. Here's some areas to look, listen and feel:
Muffler - leaky exhaust valve
Carburetor air horn - leaky intake valve
Breather hose - worn or damaged cylinder/rings
Head area - leaky head gasket or warped head
This simple tester will help you pin point areas not sealing tightly in your engine. I have had great success with this, having built my first one about 25 years ago before leakdown testing became popular. Some people also use it to hold the valves in place while installing retainers on OHV engines.