Follow up-I have a 98 k1500 with low compression it is a 5.0. With an air compressor I did a leak down test the compressor was set at 150 per the average compression on each cylinder to make sure I couldn’t over compress the engine. Took the valve cover off as well as the rocker arms on cylinder 3 (the low compression cylinder) and used the adapter to blow the air through the valve system. I had air coming through the exhaust as a product of the test. Now with this cylinder still able to hold 60 psi could it be anything other than the valve leaking pressure? Are there any common problems with the exhaust ports between the valve train and the headers?
Your test has conclusively identified a burnt exhaust valve, especially since you removed the rocker arms too.
1) If there's
no history of coolant use (ie: cracked head) then a normal valve job will get you back on all 8 cylinders.
2) How do all the spark plugs look? (7) good + (1) bad from #3? Were you getting P0300 and P0303 codes prior
to troubleshooting? IF it's only a single cylinder, I'm wondering if the burnt exhaust valve is a
victim of that cylinder running too lean because of a partially plugged injector?
3) This is optional, but if you want to gain additional confidence in your test setup, apply the compressed air
to one of the good cylinders while it is at TDC. (No need to remove the rocker arms on this cylinder.)
My assumption is that you will not hear any air escaping into the exhaust. It's always OK to cross-check
your test setup to prove/disprove/refine/calibrate your expectations using your approach.
EDIT: I just had a reply collision with
@Schurkey . He makes good additional points, especially with
the additional check of removing the radiator cap & verifying no bubbles. Also thumbing the #1 & #5
spark plug holes while pressuring #3 in order to check for a blown head gasket between adjacent cylinders. Good additional data
for no extra charge!
Let us know what you find. Sounds like a good troubleshooting start to a successful fix!