I had a bit of time after getting home this afternoon before leaving for the gym, so I took another look at the 306A I picked up at the scrapyard. Evidently, I either didn't look well enough at the P/C last weekend, or I knocked something loose when I pulled the muffler to have a look. It's trashed and blows less than 90 psi.
Well, you cant always find diamonds in the rough at scrap yards! Sometimes you do get scrap.
Probably good you saved if from a certain demise, someone (maybe you) would be glad to have it for parts.