I ran some numbers on the United Engine site and got 8.2:1. So, he's probably cammed about right.
A couple things here - That 268 is an excellent cam for a street 383. I run them too and they are hard to beat.
I dont think a bigger cam will get you more power than that xe268. I run them with 9.8:1 in 383s and they make past 400hp. You may want to look into heads with smaller chambers to get you more compression rather than cam. Cam without compression is more detrimental than helpful when compared to compression without cam. I really would advise against this until you have a better understanding of what you have, and can manage the weak points first.