Welcome to the forums, not sure how we missed the post, we usually try hard to welcome new folk.
Sounds like a reasonable setup.
Please read through the stickies: A LOT of good tech info there, build tips/gotchas. (pack food for a few days though unless you read really, really fast)
This
http://www.kb-silvolite.com/calc.php?action=comp says the resulting static CR will be 7.738:1, I don't have the cam timing available, but a stocker gives ~6.9:1 dynamic with that, so you are in the ballpark.
I'd check the case for deck and have it shaved if needed to get .040 deck, but ONLY do it IF it needs decked.
(A LOT of cases need decked, and most folks don't or can't check it, esp true for late cases from Bus)
Done right, they will reference it vs the crank centerline, off a line bore setup or similar tool for the job. (Only folks who work on T4s will be able to do it right at a reasonable price)
Make sure all your rods and crank throws are the same length before cutting... and NO head gaskets. Nononoooonono.
Rimco used to sell a set of "super" rods for ~$100 +core, came w/CARR bolts, balanced etc. Worth it.
When you replace your oil passage plugs, do ALL of them.
I had to pull one I usually skip on a case the other day and found a big wad of dead oil filter in there---on top of the oil relief, where it was still blocking flow, wonder what killed that core, eh?
Also note HOW the oil pump fits the case (should be a .003-005 crush fit or thereabouts, NOT slide in/out), and the pump end play should be <.005" when it's all together and torqued.
