Come on guys, I qualified my post recognizing that the comparison between hydraulic and air pressure was illustrative of a principal and not a direct comparison. While it is true that air is compressible, it is until it isn't. Not sure how volume has anything to do with measuring pressure. Make the line pumping oil to the pressure gauge larger to pump more volume but the gauge will read the same pressure.
CCP is what it is and the distance between the spark plug hole and the gauge does not change CCP.