I'd certainly like to see more than 60 psi in each cylinder but if both are even, its rare for a motor to drop compression in both cylinders and remain dead even.
I'd look real close at the gauge and the seals, and make sure you pull the rope enough time to max out the gauge each time.
I've got a 1985 Johnson here with rope and electric start. The former owner whom I got it from about 20 years ago told me it ran great but needed a lower unit. He had used it since new on a small duck boat with a blind. The lower unit turned out to just be some corrosion around the water intake grate, a bit of weld and a reseal and it was all good again.
The electric start didn't work, at least not all the time, it turned out to be just a starter with some dry bushings. I took the starter apart, turned the armature, replaced the brushes, and soaked the bushings over night in hot oil and reassembled it. It was hard to start and it would stall if I bailed on the throttle real fast while in the water. It also seemed to be running cold. Knowing that the lower had corroded I wanted to give it a good check out. (I had bought it for $20 off CL and it was about 20 years old then.
I checked the compression, first by just using the recoil and got 55 and 62 psi pulling it normally. Figuring it may have been sitting for a while I gave each cylinder a shot of 30wt motor oil and rechecked it, after about three tests, it was giving me 67/70 psi. The harder I pulled the higher the reading. I went ahead and pulled the head, replaced the gaskets, the thermostat, and all the intake and carb gaskets giving he carb a good cleaning with some 2+2 and compressed air. With the starter working and the carb gone through and all the gaskets replaced, (the cylinders both looked really good), I put two new plugs in it and ran it in a barrel for a bit. It didn't want to idle at first but as it ran a bit it got more stable and i was able to get a good idle adjustment.
Having run the motor for about an hour or so total, I rechecked the compression and this time using the starter, cranking it till the gauge stopped climbing, I got 115/117.
For comparison, with the rope, the most I could get out of it was 80/85 psi and that was ripping on it so hard it had to strap the barrel to a tree with two ratchet straps.
I've run that motor every season now for over 20 years, the compression is still the same, (checked it again last fall). I replaced the impeller four or five times, and the whole water pump twice. its still got its original prop, ad I replaced the ignition module back about 7 years ago because the wires corroded off it.
On my 14ft boat, with two big guys, two ammo boxes, several shot guns, two anchors, and the duck blind made of aluminum and grass, it'll get to about 18 mph on the creek with no wind. I hung my fishing motor on it once, a newer Mercury 9.9hp and it barely got to 12 mph. The 15hp Johnson is way faster. It replaced a 9.9hp Evinrude that just wasn't enough and it didn't have electric start. (My original intention was to just swap over all the electric start and 15hp carb to the 9.9hp but decided to keep both motors instead.
My 9.9hp is older, a 1979 model, and on rope only it gives me 76/77 psi on a hot compression test, if go out and check it after it sat for a year I suppose it would be far less. My gauge is an old Sears Craftsman from the early 80's or so. I have a better Snap On set but the hoses on that don't bend well due to the length of the crimp while trying to get at the lower cylinder on most motors. It reads a tad bit higher on the top cylinder. maybe four or five psi.
I'd check your compression gauge against a known good motor, something you know runs right and has good compression before assuming the compression is actually low.
I've not heard of any issues with the HF gauges but they are Chinesium so proceed with caution.
Watching that video, it’s hard to tell if its the audio quality or if that motor is just very noisy? It sounds like it’s got a bit of a rattle to it but a phone vid can be misleading sound wise. Even worse played back on a laptop with 1" speakers underneath.