That is on the low side of the range, but given they were all the same, I'd say you are probably OK there. However, if the oil pump is stuck and hyperextending the lifters, the engine may actually have to start and run in order to make that happen. In which case, a cranking compression test will not necessarily reveal anything. Unfortunately.
I know from my experiences with that happening, the deal was, the engine would start up cold like normal, and would IDLE alright, but if you raised the RPMs to around 2k or so, it would start missing (and in the case of the diesels I have seen with this issue, start smoking with unburnt bluish-white fuel smell clouds) until the oil got just warm enough that the pressure dropped back off a bit but was still sky high. The couple I checked with a gauge were able to peg it, and it was a 300 psi ATF pressure gauge. That's crazy high oil pressure.
Other possibility is the pressure valve(s) in the injection pump, the four that screw into the head that the delivery pipes attach to... but I would not think that very likely, and I would think they would stay stuck no matter what.