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I just got an 82' Bronco with a 300 in it. It needs some work, valve seals, pan gasket, valve cover gasket, carb tuned. But I decided to check compression on it before I did anything. It is between 110-113 psi on all cylinders and does not bleed off. This seems low to me but I don't have a lot of experience with these motors. This is only going to be a farm truck/beater wheeler so if this was yours would you run this engine for a while or just swap it for another one. I just don't know how low I can go on compression on one of these engines and it still run halfway decent, I don't expect it to be a power house.
I'd run that as a beater for sure. 110 - 113 isn't bad, and the fact that it doesn't bleed down is a good sign. Replace the leaking gaskets, tune the carb, and drive it into the ground.
Alright that's what I was wondering. As soon as the mountain of snow melts off a little bit I will get this thing slapped back together and run it till it won't run at all. Don't worry I am not going to ask which carb is best, it seems that gets asked a lot in this section.
As long as all the cylinders are within 10% of each other, the engine's still healthy. Just may not be a spring chicken.
If it were a daily driver or highway rig, I'd say look into rebuilding it. But for what you're using it for, it'll do just fine and as others have said, will probably still last a long time.
Well I guess I will go ahead and fix it then. I will be back with pics this spring of it on the trail we will see if this can keep up with my old 85' Bronco I used to have or the Scout I have now.