318 engine combination

It will be basically a street/strip weekend warrior kind of deal. It will be driven to shows and other places and will see the track on occasion too.
OK, that is good info. Sounds like you will want to be "rippn' & snortin'" often in this thing. That would push more more towards bigger breathing and a bit less emphasis on CR.

I am a higher compression type as I favor low RPM torque engines for my uses and let the peak HP fall where it may, but I always run premium fuel and shoot for up in the 10:1 Static CR range and the low 8's for DCR. If you want regular pump gas, then I'd shoot for the low 9's range for SCR and mid to upper 7's for DCR. I know that AJ can tune for 87 octane on 10:1 but no everyone can or would want to.

If you take those KB167's and use a Felpro 1008 gasket (.039" thick) then you'll be at 9.2-9.3 SCR. If you put the standard Felpro 8553 gaskets (around .050" thick) then you will be at 9.0.

The one thing you lose with those 2 gaskets is that you will be losing effective quench action and quench is effective for combating detonation. If you have the .028" thick head gaskets, you will retain a usable quench gap. SO, if'twer me, I'd grind out the chamber bowls about 3 cc's each, and use the .028" head gasket and keep the quench. With that amount of added chambers cc's, you'll be around 9.2:1 SCR. And you can polish the chambers as last step in removing material, and that will help fight any detonation. In that way, you have 2 things working in your favor for using regular fuel and you can push ignition timing up for best power.