No, I think you will be fine, I build street engine to those CR numbers everyday, on race engine we go much, much, much higher
Yeah you may need to richen the carbs some, but it will be worth it, for the performance gains.
Oh and here's my opinion on raising the CR in these engine, anything under 10.0 to 1 is fine for the street, and raising the CR is the best bang for the buck in HP increase you can get, and I see no reason honestly in porting head without raising the CR, it not going to gain you much of anything, stock hads flow decntly on the flowbench, once you gotten to the porting stage with a street engine it's normally part of a overall perfoamnce build , meaning head work, aised CR, cam and so on, they all work together and the horse needs to be before the wagon so to speak.
In short for these motors, 10 to 1 is not that radical, and does not make the bottom end wear out quickly, but it is preety close to limit we can run on pump gas, if we had better pump gas I go higher on CR on street engines and not worry about it. If we can't blow the crank out of the block on these motors at 15-16 to 1 in the race engines turning 8000-9000 rpms, you not going to hurt your motor if built properly at 10 to 1 on pump gas and turning 6000 rpm on occasion.