These procedures you describe are for the use of a "Leakdown tester" which is much better than a compression tester. We use it in the shop to measure the amount of air excaping from the cylinder. More than 15% leakdown indicates a problem. Occasionally the leakdown is bad enough (over 20%) that your three listed steps can help pinpoint the cause of the leakage. A new broken in PVR engine usually has about a 3 or 4% leakdown rate.
rob