Sounds like a worn piston is possible, intake side skirt clearance excessive. You have fixed / ruled out the air leaks and bad carb etc. Compression is not great. I had a Danarm which gave me a similar chase. I think you will be opening this one up.I have tried to different plugs, same results. The piston skirts are also different, they won't cover the intake port if they're backwards
Mark
Roland.