Hi , I also have a 1982 650 SC Nighthawk , originally an import from USA , I too have low compression and oily spark plugs - so it looks like I will have some work to , - just on another related question , did you clean your carbs out (I have ) and did you find that you have the rubber passage plugs fitted inside your float chamber and mounted over the idle jet tower - some carbs had these rubber plugs some did not - I did not find rubber plugs fitted to my carb - but I think they should have been there and may have been removed by a previous owner - did you find these plugs on your carbs ?
I am wondering if my black spark plugs are actually due to an over rich mixture which may be a reason for the "oily" appearance