The cam could use a but more compression ratio, the cam is supposed to be installed with a 106 ICL which helps.
I would use a 0.020" head gasket. Not sure how much he plans to do to the heads because they will be replaced in the future, but milling for compression would help too (or just get aftermarket heads with smaller combustion chambers?)
Doing some quick calculations, compression ratio s/b around 8.8:1 with the assumptions that the flat top piston is -0.092" below the deck, 0.020" head gasket, and 89cc head chamber volume. Using advertised 268 duration with ICL at 106, the intake should close at 60 degrees after BDC, making the effective (dynamic) compression right about 7:1 (7.03:1). Depending on air pressure, I think cranking cylinder pressure s/b about 130-135 psi?