Thanks for the reassurance, Patrick. Looks like the M50 gasket's in three parts:
I'll take a closer look when the engine's out but I guess there's poor sealing around the tubes for cylinders 3, 4 & 5. I also just read on wikipedia (yeah, yeah...) that cylinder pressure in psi can be roughly estimated at between 15 and 20 times compression ratio. 20 x 10.5 = 210 so my figures seem reasonable after all.