Doesn't appear this engine uses a compression relief... this may be the cam that has the different grind on the lobes to act as the ACR.
https://shop.briggsandstratton.com/pages/parts-lookup#/Briggs_&_Stratton/407777-0174-E1/Cylinder,_Crankshaft,_Camshaft,_Air_Guides,_Piston,_Rings,_Connecting_Rod/4077770174E1/29870002B/y
45 PSI is even low for a compression relief system,, usually north of 60 on a good cylinder with a ACR.
Do a wet and dry compression test.... test compression on one cylinder, take note, put a little bit of oil in the cylinder through the plug hole, and if the reading is higher on the wet test, bad rings/cylinder.