Frank - by all means, keep it.
It is, in my opinion, one of the best running of all the early Foxes.
I flew my Barnstormer for four years with and early 50s Fox 29. Over 700 flights. I flew in in Old Time, Classic and ama stunt. I also let many other people fly it.
I found the 29 new-in-box at the local hobby shop.
I ran it in per standard procedure for a total of around 30 minutes.
The only fuel I ever ran in it was Powermaster 10/22-50/50.
I used an old Top-Flite 10-6 wooden prop.
It's been in a number of other planes and always performed flawlessly.
I never changed the plug - Fox as I recall.
To this day, it has compression exactly as you described yours.
The only thing I changed was the needle valve assembly - I used a K&B NVA.
I tried a number of different mufflers - none of them worked. The engine seemed to always run hotter. Fortunately, no damage.
The K&B NVA was a real improvement over the Fox unit. I rarely made any adjustment throughout the flying season.
Put it on any one of a number of OTS or classic planes and enjoy the ride!
Bob Z.