Do you get a different reading between cold or hot engines?
I realize that the metals will expand but does this raise or lower compression? If so, is it a noticeable difference? Or does running it place oil on the cylinder walls to raise compression?
Steel sleeves and aluminum pistons expand at a different rate with the piston expanding more than the sleeve. Also the rings expand to fit onto the cylinder wall with minimum end gap. Operating temp is where everything fits the best as that is where operation has occurred the longest for the parts to "marry" together. This is also the predominant run condition. So, taking readings with a warm engine is the same condition as the engine encounters on the highway, rather than parked in your garage.
Cold compression numbers have always been lower in my experience. I'll do these on an unknown engine to determine if it warrants further attention to get it running. But, if it runs oddly at normal temps, I'll do the comp test with the engine hot to verify the mechanicals in an "as running" configuration.
Cheers,