Soz, meant to reply to your PM and got distracted.
The compression test is actually quit easy to do. Normally if you do a test, you will find two cylinders are down. This is due to the head gasket having blown and it
normally fails between two cylinders. That will require head off work anyway to replace it.
If you get just one cylinder down, and you haven't got oil in your water, then this is the first indicator that you have something wrong with the piston rings, as you are getting blow by down into the crank case. Now, if you had a dead piston ring, you would definately know about it, as there would be a big black cloud behind the car as you were driving! ( Watched as Jessie's dad had one fail on a race meet - was quite impressive! - turned out to be a bit of swarf that took the piston out... )
Now if you just run an emmisions test, all you will find out is that there is an issue with the hydrocarbons in the exhaust. This could be caused by leaky cylinders, a faulty gas sensor, or any other multitude of problems that may well be electronic and not actually mechanical.
So yes, maybe start with an emmisions test, but dont read too much into the results until you have completed the rest.
Final test is to use an engineering endoscope to examine the cylinder linings themselves ( but this is not cheap ) Worn linings can be spotted by someone who know what they are looking for.
Hope that helps
This post has been edited by Tiggr: 17 April 2008 - 08:11 AM