You can buy leak-down testers but you can also make your own (which is what I did). Information on how to make your own can be found in the link below.
http://www.motorcycl...t/leakdown.htmlOne clarification. The web page author refers to one component as a damper valve. That is not a good description. It is really a 1mm flow restriction orifice.
All of the parts can be made from bits you may already have... an old spark plug, an air pressure regulator, some pipe nipples... One IMPORTANT change to make to the schematic shown in the link is to incorporate a second pressure gauge. Most regulators will have ports into which you can thread a gauge into. Install a gauge there to show the output pressure from the regulator. The second gauge (shown in the schematic linked above) is shown on the other side of the orifice. If you set the regulator output to 100 PSI, the second gauge after the orifice will show a lower value and this is often discussed as a "percentage" of leakage (for example, 100 PSI out of the regulator, 80 PSI displayed on the second gauge would be "20%" leakage). It's not really a percentage but supplying 100 PSI out of the regulator provides a method for discussing the leak down in more or less standardized numbers. The actual value doesn't matter unless it is exceptionally low.
As Arne said, the benefit of a leak-down test is that you can hear where the problem is to quickly locate the source of engine problems. They can also find problems that a compression tester does not indicate. For example, on a non-Mini car I had terrible running problems and no power. Compression tests showed a very uniform but low pressure of about 100 PSI. A leak-down test revealed immediately that I had a leak into the cooling water jacket, bad blow-by on two cylinders, and leaky valves on the other two. If you have an air compressor, the leak-down test will quickly help locate problems that a compression test can only hint at.