Frank, I have had rings from Frank Bowman that I thought would never seat as they are very hard. Well, after running for hours they finally seated and I had compression when cranking over. I would make sure you do not have a head gasket leak, or a glo plug leak, and since it will start I would continue to run it. Try putting a couple of drops of motor oil in the exhaust port and see if it has compression then. If the ring, rings are not seated it should have some pop over with oil in it. Flip it both ways as sometimes depending on where the ring gap is it will have compression one way but not the other. It could also be the the sleeve is out of round or being distorted by the head, or as Randy says it could be worn at the top. It is really hard to tell without actually feeling the motor. You really don't have anything to loose by running it, and if you have a plane to fly it in that would be best. Flying seems to seat rings better than bench running at least for me.