Consider deprecating old hooks API

**Description**
Currently parsers lacks proper compression support.

**Proposed solution**
Add configurable compression with sensible defaults.

**Priority**: Low/Medium

Start by locating the parser implementation and checking how the current hooks API relates to it; the issue provides no file or test paths. Clarify whether the goal is deprecating hooks or adding parser compression, then define sensible defaults and verify configurable compression with relevant parser tests.

Written by the indexing model from the issue text.