I would probably replace the condensers but just clean the old points if they look OK. The newer replacement points currently offered are not of the quality they used to be and fitment is often a problem. 70psi compression isn’t too bad, but if the motor has sat idle that long, it may be the piston rings are partially stuck. Get it running with some good quality fuel and TCW-3 oil and the rings may loosen up and compression come up somewhat.
Bob
1937 Champion D2C Deluxe Lite Twin
1954 Johnson CD-11
1955 Johnson QD-16
1957 Evinrude Fastwin 18
1957 Evinrude 3022
1958 Johnson QD-19
1958 Johnson FD-12
1959 Johnson QD-20
1982 Evinrude 25hp
“Every 20 minute job is only a broken bolt away from a 3-day project.”
"Every time you remove a broken or seized bolt an angel gets his wings."
