Compression too low?

[RusteeNutz]

Hi everyone

As I continue to work on the 54 3100 I purchased, I am wondering what to do with this 235 it came with. I removed the 235, but before doing so, I checked the compression and averaged about 80#'s on all cylinders.

From what I have read, 130 is about where it should be when in good working order. Will this engine need to be rebuilt, or does it still have some life left in it?

It does smoke some when running, but did not have a chance to take it on the road much as it wasn't in the safest conditions; leaky gas tank in cab, sparking battery, dodgy suspension etc.

Plan is to upgrade to v8, but wanted to know whether this sixer still have life left in it for possibly another donor.

Thanks in advance.

Ralf