Chris,
The test kit you found is the right concept but I would reccomend the type that screws into the spark plug hole as opposed to the type you see in the link where you hold the end of the tester on/in the plug hole. Way too easy to get a bad reading due to leakage, and usually you can't get a straight path to the plug due to the fuel tank and frame etc.
Hold out for a screw in tester. You don't have to get a Motion pro , Park or snap-on kit right off. Keep your eye's open. Craigs list ,ebay , garage sales etc.
Have a talk with the High school Shop teacher, he may show you how to perform the test and use the schools equipment.
I think the guys are right on with the compression test.
Tuck\o/