This has been argued about on the RC Universe engine forum. What I would do is run the piston up to TDC and drip rislone or similar in from a finely graduated syringe. Fill it up to the bottom of the glow plug hole. Figure the volume of oil and add that to the bore X stroke volume and divide same into the volume of oil. I think this would give you what is called mechanical compression ratio. Some say you should measure the cylinder volume from the top of the exhaust port. I have never done this, so it is all theoretical.
I did this with an engine but a little differently.
1. Move piston up 'til exhaust just closes.
2. Fill cylinder with air tool oil.
3. Pour oil into measuring container. (I used a graduated test tube)
4. Record amount.
5. Position the Piston to TDC.
6. Pour oil from container back into engine.
7. Record amount left in container.
8. Find the difference between both measurements.
9. The ratio can be determined from the results of both measurements.
10. Now clean up the mess.
Of course all of this is meaningless unless you know the compression ratio of the engine is supposed to be in the first place.
How 'bout piping in here Randy?