IMO .020 or .030 clean it up
good hyper piston speed pro, KB etc
upgrade form the 5.565 to the 5.7
if keeping stock rods.. up-grade rod bolts..and re-condition the rods
IMO i would shoot for a cr of 9-9.5:1
i wouldnt deck the block anymore then i would have to to get it back in spec... reason what if soemthign hapens down the road adn need to deck it and your already at a 0 deck.. meaning piston is level with the deck instead of in the hole... what now?
main bore alingment.. at least get it check.. spec is all 5 jounrnal have to be with in .001"... doesnt leave much for error..
deffeantly get it balances... dont have too but a balance job will premote long bearing life and free up power over a non-balanced motor... also vibrations from the crank can effect the transmission.. manual more so then an auto..
quick compression math.. good tool for quick CR refference.
http://kb-silvolite.com/calc.php?action=comp72cc head
12cc dish
.020" in hole
4.2x.039 HG
18cc dish would be 9:1 wiht same setup..
is ~9.5:1