Compression is a number, but not as important as what the numbers are across the spectrum. The compression should be between 125 to 135 psi, but more importantly, you don't want a large spread across those readings, in any engine. If you have a cylinder at 122, one at 134, and one at 138, then you need to build a motor. The idea is, if there is a 10% spread on ratio, then it's time for an overhaul. Now, if you have 132, 130, and 129, you should be fine.Compression ranges for a 4Tec are in post #20. My statement above was for our 351 Windsor V8 which is what comes in Ski Nautique.
Numbers in post #20 are for a warm engine. You can expect slightly lower results on a cold engine. Compression should always be done on a warm engine (after you test ride and are considering moving forward with purchase).
There are 2 types of compression tests, a wet and a dry. If the engine has been sitting for a while, squirt a dab of oil in it, rotate the cylinders, then get a test. If you run it, then you'll want it to sit for awhile, to let it cool off, because you could get a bad reading.
There are a lot of articles on compression tests. They are important and interesting. They are like the heartbeat of an engine.