Hi Billy
Just wondering from your crank going rusty comment and the question about oil level, Did you lubricate all the crank bearings and cam shaft bores before you put the crank/cam in and tightened the crank caps down if not you might of stuffed the bearings/ cam bores with spinning it with no lubrication. also did you prime the oil pump when re fitting as spinning it with no lube might of done the same as not lubing the bearings, and could cause a partial seize up depending how long you cranked it. Did you lubricate the cylinder bores when you put the pistons in also , if not maybe the pistons are now a little tighter to but heat from running to hot usually messes them up .
on all the motors I rebuild i use proper white engine assembly lube on most moving parts, apart from oiling the pistons during rebuilding, as over time oil can run out of the oil pump or dry up on bearings and stuff. the assembly lube stays for a very long time, i got a fordson major motor I put together 2 years ago and never used, that white lube will still be there now for the first start,before the oil circulates properly, and i will squirt some oil in the cylinders through the injector holes to before starting it just incase.
The other thing that can make them tight is not lubing the rear seal on the crank. But that is usually tight right from the first start, it shouldn't get worse after the first try.
you say you tried turning it by hand to and its way tighter, it's not just the compressions come up, have you tried turning it without the injectors in to see if it frees up, if the compressions high and your starter puked or got bad connections that might make it hard to turn over. I have had the odd rebuild wouldn't start right off the key but just giving them a 20ft tow they fired right up, and every time after that they started. If I tow them I make sure the oils pumping right first though and it's got pressure,I also know it was put together right to before towing it and destroying something.
You got so much we don't know without being there, those would be my guesses to add to the others suggestions
( Edit added) looks like Adrian was posting the same things about the lube while I was typing

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Regards Robert.
A Fordson is for life not just for Christmas !.