yes, it is possible, but chances are iffy. Try this: (1) Pull plugs. (2) Adjust tappits so that they have NO tolerance. You'll have to MANUALLY crank the engine around to set each tappit. In fact, disconnect your battery because at NO TIME during this little excercise do I want you using the electric start! Crank slowly and if you meet resistence or hear a valve tap against the head then back that valve off a little. What we're after with this is to raise your valves higher than they are used to so' you can squirt MMO or Rislone down your oil gallery (the hexagonal nut on front of timing cover) and cover more of the valve. Squirt stuff liberally and let it sit a day, manually crank engine 3-4 full revolutions (i.e., TDC comp stroke #1). Squirt again, wait a day and repeat crank. (3) Adjust tappits back to specs. Hand crank again, RECHECK tappit clearances, hand crank, recheck. Then reconnect your battery for a new comp check. Don't try to fire her up until after comp check because we're still building baseline data from your first comp check thru this little valve exercise. If improvement in comp (5 pounds is material enough) then you can either repeat above to try and free 'em up some more or try starting her. If above doesn't work I recommend valve job.
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