Nope, The compression will come up, just not where it should be, because the surface of the cylinder is being "polished" and closed off, or "sealing" against the rings. Where if the rings were cutting into the bore like they're supposed to the, crosshatch will be cut into by the rings, rather than polished, and the compression allowed to come up evenly, and evenly in both cylinders.
The compression will also begin to drop a lot sooner than it would normally, had the cylinders been cut into by the rings, and seated properly before normal use.
Ummm no Travis I am afraid not, the oil in the crosshatch is what seals the rings and creates compression, I have on more than one occasion seen engines with extremely low compression because of lack of oil on the cylinder crosshatch, I had one come back to life yesterday
Pink 1993 Seadoo GTX, customer brought it in because it was cutting off, I cranked it over and knew immediately that one cylinder had no compression, verified this with a compression gauge. Customer did not want to repair the ski at this point, reluctantly I bought it $400.00 for a clean a$$ ski on a galvanized trailer. At any rate the thing sat here all Summer , I didn't have time to mess with it, I looked at it and both oil lines from the pump were broken.
I pulled it out yesterday and cleaned it up. Apparently the crank seals are weeping a bit because when I fired it up it smoked up the whole yard. Somewhere in that short time span it began running on both cylinders, I verified this by alternately pulling the plug wires off each cylinder, sure enough when I pulled the plugs and checked the compression it was back to normal, I pulled the carbs , cleaned them, fixed the oil lines , bled the pump and took it to the lake, it runs flawlessly.