Well thats a bummer!
You sure the values are real? Although not entirely perfect they are within the ball park of being close together. have you used your compression gauge on other engines with success? how long has the engine being sitting? my old 4age that i bought from little red spirit had been sitting for years and years. Terrible compression results at first, but they came good after some running, and gave me like 5 years of service.
Great looking car by the way, will be worth the tribulations.
I have managed to avoid doing rings or bearings in all my engines, I am actually looking forward to it if i ever need to. I might even rebuild a spare BMW engine just for fun, and prove i can do it, before i actually NEED to do it:P