re-check compression and do leak down test - this may help http://www.aa1car.co...compression.htm
Quotes "The cranc was cracked between the cyl no2 and 3, thus it was velded and the bores sleeved back to std size" do you mean the crank (surely not) or the block? You can't weld the block as it's cast iron ! If it was the crank then I think it is scrap, you can sometimes metal spray bearing journals (not advised on cranks really) but once cracked it's scrap.
Edited by nicksuth, 07 March 2010 - 10:49 AM.