You may have intended on saying it was 70#. Low compression is usually caused by bad rings. Esp the top ring. With the head off, you will want to shine a light between the piston and the cyl wall. If you try to move the piston around by hand, you may be able to have enough sight clearance to see if the top ring is still in one pc. Compare it to the other pistons. May be that the ring is damaged or missing. You can also get low compression from an extreme overheat. Rings don't respond well to excess heat, and they may have lost some of their normal dimensional attributes.