I found "0" compression on one cylinder of a 1997 crusader 5.7 TBI motor. This was immediately after a good sea trial and the engine hitting 4200 rpm at WOT. This was third sea trial because of debris in the gas tank and fuel filters. The cylinder in question had a hole in a valve. The dealer sent the head to be repaired. They said the piston and cylinder walls look good. If they complete the repair and all seems well, would you proceed with purchase? The motors have 740 hrs in freshwater (raw water cooled).
Here are pics of the piston & valve:
Here are pics of the piston & valve: