Piston 0.007 past deck height with 198 rods. Go/No-Go?

Not sure what you are asking. Is it that the piston is 0.007" above the bore with a 0.060" thick head gasket? If so, no problem at all. Mate of mine drag races a 351C, has about 0.025" piston to quench pad clearance, runs to 7k rpm, never had a problem.

We're not talking about a quench Cleveland head here, either. We're talking about an open chamber slant 6 head.