The cylinder that has the 119, I'd be concerned about. Squirt a couple squirts of motor oil in that spark plug hole. Let it work in for about 5-10 minutes, then redo your test on that cylinder. If it goes up, it's your piston rings causing your drop in compression, if not it's a leaky valve/valve seat. Normally 10 percent lower from your highest is ok, but you will feel a loss of power. I had a 5.0 Lincoln 1989, that had about 14 pounds lower on one cylinder, I felt the drop of horsepower. Keep us posted what you find after recheck.
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