Yes the whole ignition system needed a rework. Keep that cap if it works; the brass terminals look nice. Hope it does not have any cracks.
20 psi in the cylinders? Yes, that is a whole point increase in CR! That will sure make it run harder down in the low RPM's.
BTW, at first I read the above as using 20 psi turbo boost....I wondered how THAT got started LOL