Could be a crank sensor failing form the crank sprocket issue before .
http://easyautodiagnostics.com/mitsubishi/3.0L/crankshaft-position-sensor-test-1
http://easyautodiagnostics.com/mitsubishi/3.0L/crankshaft-position-sensor-test-1
I would worry the most about low compression. Engine will never run right and can cause other issues. Minimum 120 psi is what I like to see, but seen 200 on some engines cold. Leak down test to trace leak.i wouldnt worry too much about loss of compression. If i'm thinking this right - your engine is misreading timing and turning off first cylinder, cylinder walls and rings are not heated to proper size so compression is reading bad. It's like doing compression on a cold engine, day/night difference. Fix timing reading plate and then check compression again