In this paper, we present a novel flow model and compensation strategy for high-viscosity fluid deposition that yields high quality parts in the face of large transient delays and nonlinearity. Robotic high-viscosity fluid deposition is an essential process for a broad range of manufacturing applications including additive manufacturing, adhesive and sealant dispensing, and soft robotics. However, high-viscosity fluid deposition without compensation can lead to poor part quality and defects due to large transient delays and complex fluid dynamics. Our computationally efficient model is well-suited to real-time control and can be quickly calibrated and our compensation strategy leverages an iterative Linear-Quadratic Regulator to compute compensated deposition paths that can be deployed on most dispensing systems, without additional hardware. We demonstrate the improvements provided by our method when 3D printing using a robotic manipulator.