How do you know you have little or no compression?
Just curious about what has lead you to believe this is your issue ..??????
When you pull the cyl. look and see what the makings on the side of the connecting rod say, if its marked ZAE50 then you have what is called a "half breed" geometry engine, these engines are 38mm stroke but use the Type A piston with what we call a "low hole" piston.
The piston in these particular engines that I've had myself and seen lack around .060" reaching top of cyl. when at TDC.
When everything is right, good rings, good cyl. with no gouges in wall, etc.... they will still run "OK" not great power, but OK...
Judging from what I see in the pic you posted here, Im guessing you have an engine with a rod marked ZAE50 but I could be wrong... its for sure if I am, its not the first time...LOL
again, how do you know that you have little or no compression?