That looks like a good plan, I have a few concerns I will mention though.
I ran the numbers through my app...I like to use the advertised duration when it comes to dynamic compression calculation because it can't actually start making compression until the valve is closed. Theoretically if the piston speed is high enough it could but it will be leaking pressure until the valve is closed.
Second, although I like your planning to reduce quench and increase compression, I don't think I would recommend that gasket for this application. Due to gasket compression, tolerance stackup, bore chamfer, etc, you shouldn't use a 4.06 bore gasket with a 4.06 bore. You should use at least a 4.08-4.09 bore gasket.
The other issue is that MLS gaskets require a very fine finish on the deck surfaces to seal, so I don't usually recommend them on older style blocks unless they have been decked and have the proper surface finish for a MLS gasket. MLS gaskets are very good, and I recommend them over a traditional composite surface head gasket, but they need a finer finish.
Also, I noticed you mentioned the piston is .020 in the hole, however, did you measure it? Because the compression higher is .020 low, and typically the blocks can be .020 high unless they were decked. So it's possible the piston is .040 in the hole or more...
This is what I get if you run it with a regular gasket...if you can find a thinner gasket you trust, or you find the deck finish is fine enough, then you can use the 4.8 cc thinner gasket which will help.
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