Some years ago I was doing 95 up I-95 and my baby overheated. I turned off the engine and coasted for about 2 miles into a Chevron station. Luckily for me they sold coolant. Well when letting her cool down, I poured coolant into her and fixed what went wrong. The upper hose split with the plastic inlet, exploded right off. After getting her home, I had to purchase a new radiator. With that, I replaced all the hoses and the thermostat. Including the water pump.
I truly believe it was a combination of things, my speed and the oil I use. Since I was doing 95 when I shut off the engine, she got air cooled. The oil, well its 20W50 and its Castrol High Mileage. I wrote a letter to them telling my story. I then recieved some gift certificates and $100 gift certificate to Advance Auto Parts. But I digress....
As for the compression I would recheck it. I have 252k and mine ( about 3 months ago ) are all above 205. As long as one cylinder is within 50% of the others, I believe, your ok. Someone correct me if I am wrong. These engines with the propper care will outlast a lot of others on the road. Have some faith and it will take you everywhere. Believe me.
For the compression I think minimal was 190 PSI after that your looking into a rebuild at least. You know you have to remove the throttle body to get a propper compression test, right?
Also, since it has been posted on this site so many times, research for the "under the intake mess" and make sure all your hoses are in good standing. Any visible cracks and you might want to change them.
I think this is the most I have written on a thread. Well, good luck.