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I'd say the compression looks fine. More importantly is where the leak is coming from. Exhaust leak.... won't be long till you spit a valve. If you have a good seal on the exhaust side, I'd run it.
I've heard of outraggious bottom end times too, but these engines seem to know when they need an overhaul.... They tell you by leaving messages all over the floor everytime you park it. I've noticed thay when they get tired they just weeze all over from every joint imaginable. If it leaks more than it burns, thats when I'd seriously consider major work.
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