I have run my KTM 125 bike down to the 80psi region and it ran remarkably well and still had a lot of power and speed. What you lose with compression is quick starting and torque off idle. A 2 stroke often has surprising power at peak RPM even with very low compression.
The most extreme case in point for me was a time I dunked my 125 many miles off road. The bike went down while I was on the throttle and the engine was completely submerged. Had to flip the bike upside down and crank it over to drain the water from the crankcase. It had NO compression, because it had broken a ring I later found. In spite of this, the bike started on a push and ran well enough to get me home. It would not idle, even with the idle screw fully in, and would not start on a kick, but would push to a start.
Steve