Re: 1998 Johnson 90hp
If all the cylinders had similar comp #s then its most likely OK and different gauges can give different #s, so another one could read 10 PSI or more higher on the same engine. Like DH said, If 5,000 RPM is all you got at WOT then the setup is wrong, you should be turning 600 or more higher than that for long engine life.
You said it was rebuilt, what was the original problem? I ask this because I have the exact same motor (same year) and there is no sign of it being even close to tired or worn out. If you didn't address the original problem then you will soon need another rebuild.
Put in a new set of the correct factory recommended plugs, use some fresh 87 gas and start it up to see if it runs smooth, if it does then start looking at how to raise the RPMs at WOT.