You should ask this question in the 3RZ thread. A bunch of guys are sub'd to it & should be able to assist you. My guess would be a burnt exhaust valve but I'm no engine mechanic. It's a common problem when the stock iron exhaust manifold cracks. Most people switch to a SS OEM manifold or aftermarket headers. I think compression should be 175. http://www.toyota-4runner.org/3rd-gen-t4rs/202473-3rz-runners-only.html
Scramble is right. There is a lot to read about the 3rz and exhaust valve clearances. They need to be checked and adjusted on this engine.
If you don't know that yours have been checked that would be a good place to start. It's a relatively painless days work to check them. Adjusting is another matter..