Washed, clean stone does "compact". .in the simplest of ways. . But it's very minimal at best. Due to the rounded nature of the particles, "compaction" efforts are more like particle alignment efforts. Think of marbles in a mason jar. The rounded surfaces always give you approximately the same void spacing, no matter how you stack them.
I'm always leary of using thick lifts of clean stone as a structural layer. If the clean stone becomes unconfined. . . The potential for settlement increases.
Also, in some situations I have seen water levels fluctuate with season. . the bring silts and clays into the voids of the clean stone. . Resulting in settlement issues. If using clean stone as a substitute for structural fill. . Be sure appropriate precautions are taken.
Cheepbeer: if they need 5 rollers to get 93% compaction on asphalt . . They might be doing it wrong... 93% is the minimum in my state. My customers have minimal issues with two rollers. Gravel or crushed stone.