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I don't know what the specifications are for a 360 of that particular year. I figured somewhere around 8.5:1 to 9:1 would be about right, that was just a guess.
Of course compression itself causes heat, and the hotter the air the more pressure, so there is more variables to it.
A Chiltons or Haynes manual, or the Ford service manual, should have the exact specification for what the cranking pressure should be for that engine.
My used engine purchase that had a recent "rebuild and would drop in and run great" had 6 of 8 cylinders in the 110 to 120 range with two at a weak 90 psi. Weak as in it took a couple of extra strokes to stabilize at 90. The previous owner seemd to think even this engine ran good. Tear down found a chunk of carbon stuck on an exhaust seat in the #1 cylinder and a broken compression ring in the #8 cylinder. So I would think anything under 100 or close to 90 or less would be suspect. My 360 I had in high school "79" had a burnt valve which would only get 40psi but the other 7 cylinders were all in the 110psi area. I put a lot of miles on that 7 cylinder engine, even drove it cross country. The truck I'm restoring know had two cracked valves and made it from Maryland to Michigan on the remainig 6 cylinders, and still had plenty of power.