Compression?...
Usually, when your compression is over 150, you have oil or gas that is sitting inside the motor. If this is an older crank, your oil can be coming from a leaky rotary seal. Which, if this is the case, will eventually need to be replaced. Or, if you can get it to slow enough to run the motor, sometimes, the heat will reseal the rotary seals.
Pinch the bottom oil line from your tank to the rotary chamber. If necessary, drain the oil from the chamber till you can determine that it where your oil is coming from.
Before doing this, I would pull the pulse line off your casing to your fuel pump on the carbs and make sure you dont' have a hole in your fuel pump, gravity draining fuel into your crankcase.
But, anytime your compression is that high, it's from trying to compress a liquid.......