Stock heads would work fine, the compression ratio all depends on the pison you use, the chamber does make a difference but the piston is the easiest way to change compression. As for creating a mean 305, it is easy as hell....
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1987 Firebird Formula
305 LG-4
GM Vortec heads 2.02x1.6 valves
Crane CompuCam 2030
700-R4 Trans
4 barrel quadrajet
edelbrock performer intake
Hypertech Thermomaster Chip installed in a nonworking computer

Open Element Air Filter
No Cat with flowmaster exhaust
NO MORE COMPUTER CRAP
NON computer HEI Distributer
- Soon to be installed
700R4 Lockup kit
Edelbrock TES
Stall convertor