AC 43.13-1B: <60/80 pull cylinder to investigate; >60/80 okay
Lycoming: 70 and above good; <65/80 recheck every 100hrs; <60/80 remove cylinder to investigate; or if 10 psi difference between a cylinder(s) investigate further
TCM: requires minimum leakage value calculation via tester set up prior to test which depending on ambient conditions can range as low as 48/80 and possibly lower?
Per Part 43.13(a): the guidance points to OEM manuals and ICAs, or methods acceptable to the Administrator. So yes the Lycoming reference would be the preferred one, however, that rule also allows the use of other references as well. For example, if I'm troubleshooting a stubborn Lycoming low pressure cylinder I will use the TCM calculation to validate other readings, which would still be legal under that rule as it is an acceptable method same with the AC method.
Either correct it back to 70 or figure out why its at 62, which would include knowing if the 62 was a sudden drop or was it 66 last time. If it was a sudden drop or I couldn't get it to increase back to at least 66 without removal, I would usually pull it for a detailed leak check and inspection after discussion with owner.