
With regard to the lack of compression, bearing in mind that the engine has basically sat for a very long time, it is certain that the bores will be very 'dry' for want of a better word, i would strongly advise before removing the head or pistons, to put a teaspoon full of oil, or a few squirts down each bore, and turn the engine over several times with no spark plugs in it, you may have no compression simply because no oil is there to actually seal the rings!!
It goes without saying that you should use 'new' petrol, as petrol loses its octane over time, so any old fuel should be discarded, well, not literally, but i'm sure you know what i mean.....
Also, as stated, retard the ignition fully, its amazing what difference it'll make to the ease of turning it over, especially by hand!!