Mines 8.5:1, and all were 150psi. I had the throttle open and all the plugs out. Why did you not open the throttle or leave the plugs out? Thats what my tester said to do, and its pretty standard? My engine was cold though also.
I thought the way I was doing it was correct... There seems to be a lot of wishy washy opinions as to what the correct method for doing it is though... If you do a search (which I did), you come across people doing it like I did, like you did, doing it wet, dry... hot, cold... And getting all kinds of different readings. I wouldn't think a stock 5.0 would be showing much more than 130 psi. Am I wrong?
I did mine your way a year and a half ago. My AVERAGE was 118 they were all within 5. I continued to spray it during that time. And ran the numbers in my signature this past fall. It finally stopped producing power off the bottle this past winter. Still started and ran okay.... just no power getting to the ground.
I just pulled the engine last night, hopefully have pics of how the pistons look this coming week. But I would say your numbers are pretty good.
