"When valve meets piston" isn't a story I like to hear. I would be very wary of a simple compression test determining health of the engine initially... knowing the long term damage that most likely will occur in the valve guide even if the head of the valve does manage to stay in tact.Its did the same to me. Its your valve springs. My number 6 broke. Its a defect from the manufacturer. They had to replace all of them. There's a TSB out there. Its a one to two day fix. Hopefully compression holds and if not, new engine time. Keep us posted.
After my stint in NHRA, I guess I think in terms of a broken valve spring or retainer/lock when pushing an engine past 7000. At those piston speeds, you don't get a chance to salvage any portion of a dropped valve. Maybe 1200-1500 rpm is different as I've never dropped a valve at such a low rpm, so I honestly wouldn't know. But in my experience, a dropped valve usually means a complete rebuild with a new piston and head work.