That casting number is very common for 63 1/2 Galaxie 390s, as well as a very short run with smaller combustion chambers for the 406. Only way to know for sure is to measure the combustion chamber volume.
I've had about a dozen sets and only 2 had small chambers. One was just under 60cc, but looked like it had been cut quite a bit. Another set I have now has never been cut and is 64cc with stock valves. They are also cut for valve spring seats, and 2.02"X1.65" valves.
On the other hand, I've had 2 sets that looked right, but were "clone" heads with 72cc chambers.
As far as performance, they are a low riser style head like the rest from that era, and with Oversized valves and a good valve job they can work very well.
Compression ratio is based on many factors, not just the combustion chamber volume. It can be worked around, and depending on the build and purpose shouldn't be a problem.