No sounds and the valves seem to be moving ok no damage to the plug either.. a ring or a hole in the piston i was thinking maybe the valve is not seating all the way but with all the oil id say it in the bottom end. Guess i will need to pull the head to know whats going on
The easiest way I have found to get a better idea of what is wrong is to find a way to put compressed air into the spark plug hole of the bad cylinder. You will hear air coming out the carb (bad/stuck intake valve), out the exhaust system (bad/stuck exhaust valve) or out the valve cover with the oil fill cap removed. (broken rings/piston). Most likely the head is going to have to come off regardless of the issue.
Sounds to me like you may have burnt a piston. I had one where I burnt a hole through the top? Had been loading the engine up pulling more than I should have. Concern there would be are any other damaged? Could you borrow a borescope from someone and take a look inside? Would be better than pulling a head just to look.