Can I use 67 273 heads on my 69 318?

Don't you mean 'raise' the compression, KK? The 273 chambers (assuming closed chambers) will be smaller. The head gasket will be thicker; the net ought to be a few tenths increase in compression ratio on the'69 318. But that is assuming closed chambers on the '67.

If the OP's 273 heads are open chambers like the later 273/318 heads, then the thicker head gasket will lower compression about 0.3 points; not a whole point. It is still going to be up at 9:1; better than the later 318's. The OP could go with the .028" thick head gaskets and get back up 9.2-9.3.

But who knows what condition the cylinder bores, pistons, rings, and valves/guides are in and if it will make compression in all cylinders anyway! So the heads and gaskets are kinda a moot point....

You're right..

I was thinking of when we had 360 heads with .065" gaskets on the 318 and we put the 67 heads and .040" gaskets on...

But still with just the heads, the 67 heads will increase the compression...