Its a shame you couldn't check the compression before the head came off. The problem now is you won't know if your rings are ok until you put it all back together. But a head gasket is only $20.
Here is just a few checks to start with.
1. Deep scratches in the sides of the bores. This could indicate a broken ring.
2. A large lip near the top of the bores. This indicates that the bore is worn and may need a re-bore.
3. The bores will wear an oval shape. With the pistons at TDC try rocking them back and forth with your thumbs.
4. You can clean the carbon off the tops of the pistons and combustion chambers. I like to leave the carbon at the top of the bores. Make sure you clean out all the loose the carbon particles from beside the pistons.
5. Clean the mating surfaces and check them for flatness.
6. It is worth pulling the head apart. You can check the wear in the valve guides, valve seat recession, burnt or worn or bent valves, cracks in the metal around the valve seats.
7. Wear in the rocker gear bushes and the contact pads.
8. Valve spring heights.
If it all looks ok then you could just lap the valves back in with some paste and put in some new inlet valve stem seals. Wack a new head gasket back on and start it up. Just get a VRS kit like this.
http://minisport.com.au/mini-850a998a11 ... gasket-set