OK compression is a little below spec, STD range is 188-210, usually fall about 180-190 depending on how much dirt the engine has ingested. With the miles hours you have you should have checked your valve clearance at least twice ?
Now you need to check the vacuum on the fuel pump, pull the line off the carb where the fuel pump is getting its vacuum from and pull vacuum on that line, what you are checking is the pump diaphragm, if it doesn't hold vacuum then that says that the diaphragm inside the pump is no good and the fuel pump is not operating and needs to be replaced.
If that checks OK then my suggestion would run an external fuel tank and gravity feed the carb, this will eliminate the fuel pick up, lines and everything up to the carb, if the engine will start, then you have a problem with fuel delivery to the carburetor.
So if your valves have not been checked recently then I suggest that can be the cause of your low compression. What I gave you is a process that will eliminate some possibilities, we might have to go further but you need to perform what I suggested if its not been done, if not I cant guarantee that we will come up with a fix.