Assuming you have a 4 cylinder, IH has two displacements, a 152 and a 196. For either 135+ would be expected for a stock compression engine in good condition. Differential from the highest to lowest is 10%. The numbers are low over all.
How much have you driven it? If it has been static for a while, you should drive it to make sure there are not any sticking situations. It should run ok enough to drive even with the low numbers you see. Don't make any decisions until you can drive it hard for a few miles.