There are different compression engines. For the most part many are around 150 psi from the factory. Racing engines will have a higher compression.
Section 21-10-3 covers compression testing in the manual. What's most important is the lowest cylinder reading is within 75% of the highest reading. Any head gasket or valve leakage will be obvious. So is a broken oil ring as you'll be smoking. The manual had a max/min chart for your 75%. The lowest reading on it is 101psi.
I had an old F150 with the straight 6 cylinder. It had 100 psi on all cylinders with 287k miles. It would run fine until you tried to haul something uphill then you were down in 1st gear crawling. With good compression it would normally climb that hill with no problem. So that's where even compression comes into play. I won't buy a vehicle unless it has good compression unless I get a deal.
Below 120 I'm thinking sell or plan on a rebuild in the next year.
Not only do the rings wear the rod and main bearings are wore. With the slop then the cylinders start taking on an egg shape. Then you are looking at a bore and oversized rings. It's just how far you want to push it.
My Capri just turned 96k and I plan on changing the rod and main bearings this summer. Why if I don't need to? With good bearings the cylinders will hold their shape and I'll get maximum life out of the rings. Probably 200k plus. That's rare for a small engine. Plus on this car swapping the bearings is easy and can be done with the engine in the car.
There are many things to consider. The most important is the 75% , do you plan on keeping the car a long time. Each person is different. I plan on keeping mine forever so I'm giving it a complete make over even though it doesn't need it. I'll know what I have plus it's a hobby .