Yes you can definitely have too much spring. Mostly, you'll end up trashing the cam, if it's not up to the task. I wouldn't worry so much about the hydraulic part, as much as destroying the cam.
Here's what happens to cast roller cores when you use too much spring.
http://www.chevelles.com/forums/showthread.php?t=108696 about halfway down the page.
If your cam is the off-the-shelf XR276, with the part # ending in -8 (NOT the grind number, which ends in -10 or -14 or whatever), something like 08-xxx-8, then you have a cast core, which WILL NOT withstand ANYTHING greater than what its specs call for. If it's a billet core, part # ending in -9, then they'll probably be OK; although WAY more than you need, most likely. But, if it's the better core, then the springs you have are probably fine.
If you don't know what you've got, I'd suggest using whatever spring Comp recommends; use a spring cup or spring seat, whatever they can supply for the 1.45" spring, and the retainers and stuff for those.