It depends on the total setup. More compression will usually make more power. With higher compression, exaust will be pushed out harder, and intake will be pulled in harder, resulting in more air in the combustion chamber. The compression will heat the mixture and make it more effecient, a hotter flame, making more power. This heat can also result in detonation. This is only static compression. With the stock heads, intake, and exaust, there would be some gain, but not a lot, while with a good H/C/I/E setup, it will make a lot more. You want all the compression you can get without detonation. The prevent detonation, you need higher octane fuel, or a colder air charge (intercooler, methanol) to keep the heat down. Cam specs can also have play in this. Compression is just one page of a book that determines engine performance.