piston to head clearence

I doubt you will find 10 HP reducing the quench. The HP gain will come from the increase in compression.
the quench will help keep it from pinging or detonating. not doing it for compression. I`ve got .039 on my 505. we used to run the hemi w/ them slightly kissing just enough to keep the carbon off at 6500- 7000. ran 14 yrs like that.