Should i even bother with with getting a higher compression ratio?

Ugly cam idea, except the split duration which I tend to favor.
With the Magnum head with the 1.92 intake valve should see a LSA of 106.
Find flow test sheets with the stock Magnum head and realize where the head flows levels out and drops. When I say drop, I really mean like falls like a stone. Some high lift flow loss will happen.

Lift the valve as much as possible or reasonable. It adds a few more HP. Is it necessary? No, but it helps.
the oregon 2204 grind has... wait for it... a 106 intake! ;D

i don't like to speak in absolutes when talking cams so i was more giving just a general "this is about where you wanna be" for a street motor.

i've seen the test sheets agree on the flow point just falling off the face of cliff. i wanna say it's around .500 which conveniently coincides with the lift limitation on stock heads, non spring modified division. which is where the hughes kit comes in, giving you the ability to run a little more lift without expensive machine work and a stout spring to take advantage of modern aggressive ramps.