This right here warrants a question I've been holding: This "10:1" compression you claim, is that calculated or theoretical based on the sum of parts? A low-compression 350 can be made worse very easily, but, more importantly, claimed gains from certain parts may only get you a stock rebuild. What is your cylinder pressure? How thick are the head gaskets? What size are the chambers in the heads? Are the pistons literally flat tops? How far in the hole are they? Also, since you did a 4/7 swap cam- did you revise the firing order accordingly?
These may sound like simple questions, but are very valid; we're not psychics.