You need to use a gauge. You can't feel the difference between 120 PSI (healthy and happy) and 90 PSI (sputters and won't start).
I only say this because I've been there. When you check, open the throttle and kick away till it stops rising. Borrow one if you don't own one, it's worth it just to rule it in or out. If you're less than 100PSI you will be chasing your tail until you address it.
Hope that's helpful. I hope to see you saying you've found it soon. These types of problem are maddening.
Am lending a compression tester, so will do a test next weekend. Kick start shaft broke at the weekend so need to replace that first
Some good reading on compression testing on this site:
http://www.dansmc.com/compression_test.htm
Will let you know how I get on...
Cheers
Piatti