YOUNG.
I told ya, you will be ok till 8-10psi, depending on inlet temp, which you will have to monitor by some sort of temp device to keep safe.
Or you can do it the EASY way, rip the heads off and open the combustion chambers ~3cc's, then get a slightly thicker gasket(not the most recommended thing to do)... and you will more than likely see 9:3:1... and that is plenty to work with, well BETTER than 9.8.1.
come to think of it, my cobra which is 9:8:1 from factory has put down 422rwhp with 8psi thru a blower, and i had plenty of air fuel to work with(i was still rich as a pig). also one of my friends got a cobra and hes planting close to 500rwhp on stock bottom end(97 cobra).
but all in all, you will be OK with your motor, just dont look for 15psi!
10psi(turbocharged) should be making damn near 550-600rwhp on a 400hp 347 combo(assuming that is what it SHOULD be making +/- 15hp)