Your compression is fine! Not sure if the miss is coming from this plug, but I wonder if the intake gasket isn't leaking/pulling some oil in on that cylinder.....
X 2 on oil fouled plugs. It appears that there may be a fuel distribution issue, too. What carb and intake manifold are you using? Are you running exhaust headers? What plug and heat range are you using?
I see 2 plugs that are questionable. Did they come out of number 4 and 7 cylinders? Also noticed oil in a couple of runners in the intake shots. Is that something to consider or were those pics taken before final assembly? Reason I bring that up is that one of the runners with oil in it is number 7. Last question. Were the heads and/or deck milled and if so how much? You may need to mill the intake side of the heads so the intake manifold will sit down far enough to seal and not suck oil out of the lifter valley...
My first impression was you have a couple of cylinders running rich. I'd start by checking the cap qnd rotor especially for those two fouled plugs if you know which cylinder they came out of. Then check those two wires also. Then I would listen to each cylinder to figure out which were missing. How is engine vacuum?
The engine is a 340, fresh build. Engine has a bad miss at idle. Look at the pictures and fire away with questions or answers.
1. tell us about the distributor
vacuum advance yes/no?
stock springs / light springs ?
what do you have the advance set to?
generally you need low teens initial, all in by 4000 rpms, mid/high 30's total advance
they will run like crap at idle if too retarded. or too advanced.
2. vacuum: tell us the stuff you have hooked up.
is everything hooked up or if only some things hooked up do you have the other tits plugged off
do you have everything plugged to the carb in the correct place?
what carb is it?
A little more info on the engine and ignition system.
Adjustable rockers? Are you running MSD?
Any sign of water in your oil?
well my suggestion is to hook up the vacuum advance
it's there to help during idle and steady highway cruise.
it will have no effect on wide open throttle, it's inoperative then.
so use it, i'm betting it will help your idle out. if you have a really big cam and low vacuum they dont help so much however. they get weak with low vacuum so never actuate.
do you have a vacuum gauge? can you borrow one?
Are your rockers adjusted properly? If you have one too tight, and a valve is hanging open slightly, that cylinder isn't going to fire properly.
What gap do you have on the plugs?
Just throwing it out there, something to check.
Spark gap is at .035".