I can't think of anything that would cause those compression numbers and still leave you with a running engine. Especially since they're in both banks. I'd double check your tester (new tester or different engine). Leak down test might also be of value.
I was surprised by those numbers as well. That motor always starts right up.
I did check the compression tester gauge by plugging it into my small compressor. The reading was a couple pounds less than the gauge on the compressor tank, so I would say it is accurate. I'm sure the gauge on the $100 compressor is no precision instrument.
As Lou C and others have said the plugs don't look bad so hopefully the rings and cylinder walls are still OK.
I got down to the boat today to finish up covering it. for winter. I had to make a special frame so I can lift the hatch to get at the engines and still be able to get in and out of the boat.
I only had about a half hour before I had to leave. I did use the Stant radiator pressure tester and tried to listen for a leak in the throttle body, around the manifold, dipstick tube,and oil fill cap, but did not hear anything. I let it sit while I picked up to leave and after 20 minutes the needle may have dropped just a hair. I need to leave it longer next time to be sure. If the leak is that slow I doubt I will be able to hear anything.
So it looks like I have to solve two problems. Where is the antifreeze getting in the oil, and why is the compression so low in all the cylinders? I can do a leak down test if it warms up and I get some time. It was like standing next to two blocks of ice in the engine compartment today. Warmer outside today but freezing cold the last two days..
Here are the elements that were reading high in the oil test report. This is only the 2nd oil test I've had done, so I am just going by what I was told or read in a couple articles.
Potassium 68 average is 4
Sodium 658 average is 4
Those would be the antifreeze in the oil
Copper 22 average is 8
Lead 142 average is 7
Tin 9 average is 2
Those would be bearing wear
Chrome 4 average is 1
Ring wear
Iron 239 average is 36
Cylinder walls
Aluminum 8 average 3
Don't know