Re: 1989 175HP Evinrude Low Compression
I'd try a decarb before anything else, could be the rings in that piston are stuck. Any metal on the plug when you took it out to do the compression check? Did you look down the cylinder to see if you could maybe see any damage?
Do a good decarb or two, and see if you can get that cylinder up, if not I'd take the head off and look for damage.