Since it's a street car, you're always going to be limited on the boost you can run on pump gas with those pistons. A combustion chamber volume increase can decrease the static compression ratio. A custom cam can also allow more boost by lowering the dynamic compression ratio. These things can only go so far. Most guys that build forced induction pump-gas engines from scratch aim for somewhere between 8:1 and 9:1 SCR. You can still boost a motor with higher compression, but you will not be able to go as far without running into detonation issues.
I can't answer the bolded cylinder head question because I don't know what size the combustion chamber is on the heads that are on your motor. You mentioned that you have "old GT40 aluminum heads w/ 2.02 int, 1.60 exh" To my knowledge there are 2 types of aluminum GT40 heads, GT40Xs, and GT40Ys. I'm not that familiar with the Ys, as I understand them to be aluminum equivalents of the iron counterparts - the GT40P (I'm sure someone will correct me if I'm wrong). However, the Xs are the next step up, and are probably the ones on your vehicle. The X303 head has a 64cc combustion chamber, and the X305 has a 58cc combustion chamber out of the box. Both come with 1.94" intake valves, not the 2.02" valves that you mentioned were on yours. If you have 2.02" valves, it's because some custom work has been done on your heads. If that's the case, that throws everything out of the window. The heads could also have been milled to reduce combustion chamber volume. So, your current combustion chamber volume, unless you already know it, is likely to be anywhere from 54cc to 64cc.
In any case, the only way to use heads to decrease your compression ratio (SCR) is by getting a set of heads with a larger combustion chamber volume than what is already on your car. I've made my recommendation for heads already. Using any of the many online compression ratio calculators you can determine how changing the combustion chamber volume will change your compression.
My feelings about the saying you mentioned is that it is an accurate statement as it applies to intake, and head selection. It is also accurate for compression if you're not detonation limited by the type of fuel you are using. However, it is not an accurate statement when applied to camshafts, or detonation limited compression ratio. You're going to make more power n/a with high compression, but boosted you'll make more by lowering compression and upping boost.
If I may, I would suggest keeping the short block you already have, and sticking with high compression heads. Eventually, should you choose to go forced induction, nitrous would be best suited for your engine.
Chris