Re: Johnson 40 hp Compression
you could be lossing compression in three areas: your cylinder head deck surface and your piston.
if you have the option pull you head off and take it to a machine shop where they can check for warp and resurface if need be.
its not the rings that are bad but the actual wear in the cylinder, if you can't get over size pistons, then see if the machine shop will deglaze the cylinder bore. if you deglaze the bore and go together with fresh rings the may help you out it all just depends on how much wear you have in the cylinder. how ever if you are willing to spend the money and have the option the try to get oversize pistons and go over size with the cylinders.
i haven't really tore into outboard two cycle engines but if they are anything like a 2 cycle dirt bike you could have wore reed valves.
well best of luck, hope this can help you out