it burns a cap and rotor about every 3 months.
1. Test plug wires and coil wire for resistance/opens
2. What is the spark plug gap? Replace plugs as needed to get a gap of .045-ish. Some plugs have a long side electrode that's intended for .060-ish gaps.
3. Buy a QUALITY cap and rotor, instead of Communist Crap.
I've got a center cylinder on each bank with 75psi compression. The other 6 are all between 185/195 psi. Will a cracked head kill compression?
A cracked head "can" reduce compression. More likely, you'd be seeing coolant in the chamber.
Connect a cylinder leakdown tester, find where the air goes. ANY leakage past intake or exhaust valves, or bubbles into the cooling system is not acceptable. There will always be some leakage past the rings. The gauges on the leakdown tester can help you determine whether the ring leakage is excessive or not.
It's always had a slight miss since then but after I eliminated the cats with a true 2 1/2 inch duel exhaust the miss is more noticeable. It's a 5.7 vortec. At least the converter stays locked up. When I get something else running I need to fix this
So the computer is unhappy due to rear O2 sensors not providing proper signal?
Connect a scan tool, verify all sensors and computer outputs. Look at misfire counts per cylinder to determine which are the "problem children".
Verify fuel pressure.
Consider an upgraded electronic spider rather than the poppet-style, if it hasn't already been upgraded.