The compression release is exactly as motorhedfred said. It's there to make it easier to initially roll over the engine by releasing pressure that would be built up during the compression stroke. Once there is some kinetic energy stored up in the flywheel you can release it and start the engine much easier. Most of the smaller B&S engines get around this (partly) by having an odd little bump on the intake cam that releases a bit of compression while the piston is at the beginning of the compression stroke, it works by lifting the intake valve a few thousandths of an inch off its seat...I have always thought that this probably reduces power to some degree. Some other small engines use a small pin that lifts one of the valves until centrifugal force takes over and lets the valve close as it should. Of course, these are supposed to be 'automatic' making the engine more user friendly for the mechanically challenged. On many of the really old magneto ignition motorcycles, they were also used to shut down the engine; I can tell you for sure, that I would have a lot harder time starting and stopping my '48 ES2 without that little trigger on the handlebar.