You do not need to worry about compression as much as you need to compare the compression between cylinders. If there is a 15% difference or more between cylinders, then its time to open the motor up. If both cylinders are very close, and compression is over 95, you arent going to gain much thats noticeable by doing the top end. On my race engines the difference between 150 and 120 is very small, like 0.4 on total compression ratio. You will not feel the difference between a 10.0 to 1 engine and a 9.5 to 1 engine. Unless maybe you are doing timed runs on ice with the exact same conditions.
Anytime a sled starts to get slower, the FIRST thing people need to look at is belt and clutch.
BTW, these cheap handheld gauges are not accurate for measuring compression on engines. They are supposed to be used to compare cylinders. You need a pump and whistler to be somewhat accurate to measure compression ratio. Or do a leakdown test.