The only factor is whether there is enough travel in the spring to suspend the weight while driving. Cut too many coils and you will bounce and bottom out.
Spring compressors just do the same thing as cutting, they take away a portion of the springs travel distance and ultimately its load carrying capability. No difference in the end other than being able to take them back off. Using spring compressors is probably a worse idea than cutting IMH because the spring is constantly compressed in the middle and will weaken over time.
Former owner of '99 CSVT - Silver #222/2760
356/334 wHP/TQ at 10psi on pump gas!
See My Mods
'05 Volvo S40 Turbo 5 AWD with 6spd, Passion Red
'06 Mazda5 Touring, 5spd,MTX, Black