[THEFERMANATOR]

That serial tag is of an 85, the other questioon is does the engines welch plug serial number match the serail number on the tag? MOST 85's got replaced with new style engines under warranty as many of them cooked themselves. 60PSI is REALLY low, but this could also be due to the guage you used. I would try another compression guage if you can get access to one and see what you get then. As for running it with 0 compression in one cylinder, it may make it awhile or it may sling a rod through the block on the first run. If it isn't running on that cylinder and has no compression on it, then that means it isn't pulling any air through the carb for that cylinder. And when it doesn't pull any air, it isn't getting any fuel and no oil, so it is only a matter of time before a bearing in that cylinder locks up and comes un glued. Find out what is wrong with it first before your getting a tow in with a rod hanging out the block. It may just be a headgasket, or it could be a nic gouge down teh cylinder wall from a stuck ring that is just waiting to lift a sleeve out of teh block.