Leak Test the Motor
I've never been good at getting realistic results from a straight compression test. Gauges differ, testers differ and getting back to back results, well, good luck. Adding a couple of drops of oil and your really messed up.
Find someone with a leak down tester, buy one on E Bay, or find a shop that will do it. You do need a compressed air source also.
On a motor with that many miles anything less than 10% is good.
A new motor with good ring seal will be less than 5%.
A really good motor might be 1-2%.
Leak the motor at near operating temperature.
Cylinders on your motor should not very more than 1-2% loss.
Does really low leakage mean power? I don't know. Does 10% leakage mean loss of power? I don't know. I've seen motors with 13% leakage make serious power, but they really did have combustion getting past the rings. I think.
If there is a significant variation in leakage, then you probably need rings and/or a valve job. Check the cylinders for the original cross hatch. I would think long and hard before boring one of these motors.
:swing: