Hi:
It could be a head gasket. However, with that many miles on it, an overhaul may be needed. The loss of compression could do with the rings or valves. However, since it was only cylender 1, it may be the head gasket.
The only way to tell for sure is by doing a wet compression test. By placing a small amount of motor oil in the number 1 cylender and rechecking, the oil will improve the compression if the rings are bad. The valves are a different story. They need to be inspected.
Overall, try the wet compression test. If the rings are ok, you will need to remove the head to check the gasket and valves.
Joe
If you have any other questions, let me know.
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Friday, October 3rd, 2008 AT 10:42 AM