You found it, you just don't know what you are looking at.
A finger rides on the taller cam that holds the intake open longer, thus dropping compression.
Once the engine spins up, the finger pulls away and the rocker arm runs on the normal intake cam, giving full compression.
The finger can get stuck in the off position, giving full compression and difficulty starting.
The opposite can happen too - the engine doesn't run too well.
Pull it apart and have a good look at how it works - it's on the cam cog.