A few points and questions:
What year 302?
They dropped compression about a half a point per year from 71 to 73.
Was 9.0:1 in 71, then 8.0:1 by 73!
That will affect an accurate answer to what you are looking for.
I don't quite understand your rationale, but understand your basic questions.
With iron heads, you will be limited to about 9.5:1 on pump gas.
They detonate much easier than aluminum heads. You could squeek out 10.5:1 with aluminum.
The 9.5:1 is probably too low for propane.
Remember that too much octane is a
bad thing if you don't need it!
You should never run more octane than what you truely need.
It makes your engine less effiecient, lowers MPG, and can carbon up the works.
Higher octane is less volitile, and if you don't have the compression, it won't burn as completely. So it's a big waste. The big secret that the gas station commercials don't want you to know when they talk about using premium fuel with fancy names like 'techron' and such. Most cars do not need premium. I'll get of the soapbox now and back to the subject....
Depending on the year of the engine, I would think you have 58cc heads.
The only way to do better than that is get some earlier 289 heads as proposed in another post.
You can gain by shaving your heads a little and seeking out the thinnest head gasket you can find.
You can also shave the block if you have it apart.
The thing about shaving either the block or the heads is that you also need to shave the intake if you do either one, or a total of more than .010".
Another thing you can do is use a cam with 'pressure building' characteristics.
Most RV cams are pressure builders. They use valve timing to increase the dynamic compression seen by the engine.
If you get a cam with alot of overlap, it will bleed off your static compression, effectively lowering what the engine actually sees when running.