Just to chime in... when the first pulse or jump of the needle, how high did the reading go up to? It should go to 1/2 of whatever the final number was if the rings are good. If the rings are bad, it won't go to 1/2 of the final number. If it went above 80Psi on the first needle jump, it's your valves more than likely. Also you don't have to remove the head to check the valve seal, just the manifolds and cams so that the valves shut. There is a $80 tool that can pull a vacuum and measure the amount of inhg acheived. Perfect vacuum is 30 inhg (inches of Mercury). So if you still want to tear it all down...be my guest. Post up how the needle reacted the first compression stroke.