Finally got the compression tester. I was a bit dissappointed to see that it is a Harbor Freight/US General but it has lots of adapters, a nice case, and looks well made. The adapter which was provided for our motors was wrong, but with a hacksaw and grinder I made it work.
So for the results... The back passenger cylinder had 310, everything else was 210-220. From what I was reading that is getting towards needing a rebuild but probably serviceable for the Kentucky winter. The 310 is high, but I was thinking maybe that cylinder had problems so they redid it, either way its higher not lower.
With numbers like that I'm having trouble tearing this motor down. Unless anyone has anything to suggest I think I'll just run it. I am thinking that a lost ring, blown head gaskets, cracked head, or cavitation would all cause no or at least very low compressoin. I'll definitely watch my fluids close. If this motor does need rebuilt I would probably just but a parts truck with a good one or swap in a cummins or 360 or 466 anyway so I'm not terribly concerned at the thought of blowing this motor up.
Any advice would be appreciated. I think I should send Heath money for a round of beer for everyone at the rally. You guys are great.