Compression test on a 360, result OK or not?

40k on stock timing, mystery gas and unknown usage. Numbers vary by 10psi on a few cylinders.
So in my mind there's two options..
option 1 continue driving it down hill to a costly rebuild.
Option 2 Spend 300.00 on rings, gaskets, oil pump, timing chain, bearings and make it fresh with a hone/glaze break.

It could run okay, though he says hes chasing some issue.. but then again... the bearings could be disintegrating from corrosion and oil contaminants...from sitting with condensation over nite ...for years.. idk where the motor has been to only have 40 k from 1979...that's like 900 miles a year...or 2-3 years driving and 38-39 yrs sitting.
Maybe it was climate controlled...yeah.
I've had old motors that sat for decades... lose rod bearings after some lead footing .

Food for thought.

Well, I imported the truck from US three years ago, it´s a one owner vehicle, the previous owner was a Mopar fan, having several garaged in a dry and warm garage, completely rust free (in New Jersey), it has been used occasionally over the years, newer in rain or snow.

But time takes it´s toll of course, spending 300 USD will not help me much, more like 3000 USD as I don´t have a garage to make this kind of job myself, that´s the reason I wanted to try to figure out the condition of the engine with the compression test.

It runs really well as soon as revs is just a tad over idle, not a hint of misfires at all.

Putting the plug on the fender was for photographing, not to worry, I'm caring a lot for this little truck that I have longed for since 1978...