Having re read the post my money is on a air leak or more likely a clogged carb. If it was me I'd be getting it up and running then spraying carb cleaner around all the joints mishab plates etc. If it sucks in some carb cleaner it'll start to die. More likely to be a blocked jet though i think, but its easier to rule out simple stuff first before dismantling your webers. On that note you're running a 'split' weber configuration, if your engine is in good fettle this would seem over kill really considering the compression readings. Split webers are normally the preserve of full race 1380 plus engines looking for the last ounce of hp, which would have a comp test reading of closer to 200psi.