340 Static Compression Numbers and Test Procedure

Off the top of my head, those numbers suggest to me decent compression ratio.
Are those flat top pistons? (you may be able to see in the spark plug hole, even read the number sometimes)
My guess is the cam has a relatively short duration.
Don't know anything about the internals of the motor. I will see if I can look into the spark plug hold but I doubt I will see any thing.