Your engine #J15RLCOB is a 1985 15hp Johnson. Actually 85 psi compression isn't too awfully bad, and your opinion of the spark may be at fault.
15 = Hp
R = Rope start
L = Long shaft (20")
C = 8
O = 5 (The C & O indicates the year... 85 = 1985)
B = Factory run number.
Yeah... I know, too late now as you have it apart... but for later use.............
The spark, with "all" spark plugs removed, should be a strong wide blue lightning like flame that will jump a 7/16" air gap... a real Snap! Does it? Note that using the spark plugs to check the spark is a waste of time and proves nothing! If you don't have a proper spark tester, any auto parts store would have one, or you could build the following:
(Spark Tester - Home Made)
(J. Reeves)
You can use a medium size philips screwdriver (#2 I believe) inserted into the spark plug boot spring connector, then hold the screwdriver shank approximately 7/16" away from the block to check the spark or build the following:
A spark tester can be made with a piece of 1x4 or 1x6, drive a few finishing nails through it, then bend the pointed ends at a right angle. You can then adjust the gap by simply twisting the nail(s). Solder a spark plug wire to one which you can connect to the spark plug boots, and a ground wire of some kind to the other to connect to the powerhead somewhere. Use small alligator clips on the other end of the wires to connect to ground and to the spark plug connector that exists inside of the rubber plug boot.
Using the above, one could easily build a spark tester whereas they could connect 2, 4, 6, or 8 cylinders all at one time. The ground nail being straight up, the others being bent, aimed at the ground nail. A typical 4 cylinder tester follows:
..........X1..........X2
.................X..(grd)
..........X3..........X4
Deglazing the cylinder walls........The polished look of the used cylinder walls must be deglazed so that a cross hatched pattern exists for the new rings to seat properly... tools exist for this purpose at auto parts stores, Harbor Freight, etc. As a last resort you can use wet/dry 400/600 sandpaper.
After deglazing, wash the crankcase down thoroughly with soap & water, wash it down with the hose, then blow dry it with pressurized air. Oil the cylinders "Immediately" after cleaning as rusting will start to take place within minutes.