I know I'm old school on compression ratio but I'll still stand by the rule of thumb that one compression ratio number gets you 2 to 3% HP boost.
Most calculators give numbers in that range, like this one:
http://www.bgsoflex.com/cgi-bin/crchange.cgi?hp=450&oldcr=8.8&newcr=9.8
So lets go with 3%. if the engine is making 450 HP at 8.8:1 compression it will make 464 HP at 9.8 to 1, 14 HP more.
But let see what happens if instead of increasing the compression ratio we run more boost, which the lower compression ratio will allow.
The rule off thumb on this is one point lower in compression ratio will let you run 2 lbs more boost.
On our motors, each lb of boost will get around at least 16 or 17 more whp so lets say those 2 lbs get us 32 HP.
So going with the 8.8:1 compression ratio with 14 lbs of boost gets us 482 whp while going with a 9.8:1 compression ratio with 12lbs of boost gets us 464 whp.
That's 18 more whp with the lower compression motor and that was using the more aggressive numbers for compression HP gain and more conservative ones for the boost gain.
Granted it will be a little lazier out of boost but its worth it for the extra high end HP.
This low end laziness out of boost can also be compensated for somewhat by adding more spark then, which the lower compression will allow.
So I'd say grab that motor and just pulley it up more.