Bob,
It should run with that compression, even though it is low. Adding a little oil would tell you if it has ring problems, and also help it start... providing it doesn't foul the plugs. There's a very good chance they are fouled now from multiple starting attempts. I'd take a wet test and then try to start it with fresh plugs.
If the wet test only gives slightly better readings, the valves are leaking, but if the readings are 20# or so higher it's a ring problem.
Marilyn's Cub had only slightly better readings on the first dry test (82, 96, 82, 94) but it runs like a well oiled watch. It sometimes starts on the very first 1/2 turn of the crank. It does smoke a little, so it will get new rings.