Time to start thinking basics and I see my posts are getting a little confusing.
Bought a used 454 that they said was good with compression and gave me the readings. (Like an idiot) I never verified.
Sat a year before starting.
When starting sounded right off the bat had no compression.
Distributor was 180 out, due to thinking timing marks lined up then that is TDC #1, Wrong!
Loosen both #1 push rods and could hear a little compression.
Both back on put a gauge on, no compression.
Harbor Freight Cylinder Leakdown test shows acceptable leakage. (Faulty second gauge)
Finally just add air to cylinder and can hear out dipstick and lifter valley.
Compression test with gauge intake off, 0 then got some up to 70lbs but zero in 3.
Talked with my ex dealership buddy who races bbc and agreed never seen rings soo worn will not start or give 0 compression.
Going to put intake back on fully charge battery, squirt some oil in all cylinders after doing a dry run in all to get a base line reading. Then see if maybe they aren't sealing due to oil being drained off or sitting so long .
I basically started skipping steps as I was getting ahead of myself. Engines are basic and I always knew it had something to due with no compression but got stuck on the leak down and cam timing.
It doesn't even have enough compression (or really vacuum to pull the fuel mixture all the way into the intake port by the head)