Yeah, I think 5030 was earliest to have a glimmer here, and now I'm pretty sure your glowing on the left side is (close to) normal. The compression test does reveal a problem on the right side, and low compression is preventing the cylinder from achieving or maintaining operating temperature. The left side is doing all the work - seemingly dragging the right side along for the ride, similar to my 317 experience. That's possibly causing it to run a bit warmer. Once the load is equalized, the temperature will equalize as well. In low light however, you still may see a glowing exhaust. But this time the same on both sides.
Unless I missed it, I never read the result of the suggestion to swap the plugs and wires. So was the right spark plug tip wet when you removed it? If yes, that suggests no spark. If no, I see little alternative but to pull the right cylinder head for further analysis. I suggest buying a head gasket first however.
But I'm curious about the technique. I've never performed compression tests on a running engine before. All mine were done with the ignition disabled on purpose, so the engine DIDN'T start during the test. What sort of operating instructions came with that tester?
//greg//