we on the ford barn are assuming that you have removed all the plugs, blocked the throttle all the way open and have a good battery, even a 12 volt to give it a good spin. if this is the case pour some MMO down the cylinders and let it soak for awhile, then before you try a compression test again pour some motor oil in the cylinders and give it a try. blown headgaskets usually level out compression between two cylinders, burnt/stuck valve will yield near zero, and stuck/dry rings will yield low readings. just did a test as outlined above on a 40 and got 120 plus