slant six cranks but won't start

I have now moved and looked at it again. I have pulled the fuel line off the carb and into a bottle to see how much fuel is there. there is a lot I filled the 20oz bottle in about 8 cranks. I know there is fuel on the plugs I pulled them replaced them pulled them again and they are soaked. I put the #1 plug which I assume is the one closest to the front and watch as it sparked when it cranked. I was a little nervous as it had gas on it, but no fire. There was a nice spark but nothing big. This now has a new coil, plugs, wires, carb, and starter. I stuck my finger in the hole and felt a little push of air. I will get a compression tester next to check the cylinders. My questions are if one is bad will it not run and what should the compression be reading?