Hi all!
Another update for posterity..........want to tie this up for the record in case it helps anyone.
Ace, thanks for the measurements, worked great.
I de-carbonized the piston and area, put the head back on, cranked it all back together per the specs in the manual with a new gasket, changed the oil, filter, and plug.
Compression completely back at 105!!
I started her up.
However, she ran horribly. I first went through the carb because she'd been laid up for 9 months. Seemed ok. We checked the points, and there was some arching. Changed 'em out. Still ran rough, though slight improvement.
We scractched our heads for a while, then went for timing. I read some solid posts here, so I used the tips. I retarded the timing, and sure enough, it helped a bit. I retarded it more, and got it to run! It still kicks every now and then when I decelerate, so I'll probably play with timing more.
So, somehow, fixing the valves and restoring compression no longer worked with the timing setting.
She's back on the road, and I'm a happy guy.
FYI, the thump now is incredible, and back sounding like it should. Solid compression is a good thing ;-) Special thanks to my neighbor Tim who did the valve job for a 12 pack (I gave him a case of his fav beer to up the ante), and to my Dad for coaching me through the whole job.