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I not sure what the book says for compression, the best check for compression is always a comparison check. Pull out the glow plugs and test each cylinder. They should all be within the same range.
No Iomac, the motor can be repaired, Most machine shops can put a sleeve in the bad cylinder, its usually about a 100 bucks. But the motor has to be completely dissembled and clean before they will work on it or they will charge you their rate for doing the same