The reeds act like check valves in the crank case. When the piston is travelling upwards in the cylinder the underpressure in the crank case opens the reeds and fresh air/fuel mix sucks in through the reeds and up in the intake ports.
At the sametime compression is build up at the top of the piston/cylinder,
The fixed intake and exhaust ports regulate how much new fresh air/fuel mix will fill up and how much exhaust pushes out the cylinder with in the next compression stroke.
After the fire/explosen stroke in the cylinder the piston travells down and the overpressure close the reeds.
Soo the condition of piston rings and the cylinder walls and the intake/exhauste (timing) ovelaping are the parameters that matters of the compression value.
Of course the tightness of the headgasket too.
The reeds have nothing to do with the compression but if they do not close enought, air/fuel mix will spit out back through the carb and the engine will not run right.