Well the results of the compression test are in:
Cylinder 1: 180 psi
Cylinder 3: 170 psi
Cylinder 2: 30 psi - I tested this cylinder twice, just to make sure the reading was correct.
No offence to anyone posting in this thread, but there hasn't been a lot of help on this one. Obviously this is an issue that doesn't happen very often, but every single person who posted after watching both of my videos claimed that my bike "sounded fine" when I insisted that something mechanical was wrong.
I will reiterate what I stated earlier. If your bike truly sounds like mine does when you start it up, and it seems to lack power at low RPM, maybe a compression check is a wise idea.
When I get back from work this afternoon I will hook up the leak down tester and verify where the compression loss is going.