If the cam is really optimized for the lower compression ratio, IMO it will have too little duration for the higher compression ratio. Have you done a DCR calculation on your existing combo? If not I can do one for you; I have a spreadsheet set up for doing them. I need bore, stroke, rod length, deck height of the piston, dome or dish volume of the piston, head gasket thickness, chamber volume, and the ADVERTISED duration of the cam, plus the intake centerline that the cam is degreed at.
If you bump the compression one point, and increase the cam duration to match, I think you will pick up 20-25 horsepower on a 500 HP engine.