will it hurt. whats your opinion

Way back when they used ridge reamers so that you could remove the piston without damage to same. If your pistons came out without a problem then there is probably no reason to use the reamer. However, in some cases-not all, there can be interference between the small radius at the ridge & a new top ring which could cause problems. For me I would use the reamer if you can catch your finger nail under the edge of the ridge just for safety. As for compression loss: The slant 6 is a low compression engine so my guess is that the power loss would be undetectable. If you are re-using the old pistons check for clearance at the top ring groove. Insert (don't install) the new ring in the groove & see if it will rock excessively. You are checking to see if the ring groove is tapered (wider at the outside than the inside).
This reamer Lisle 36500 reamer came in last night and I used it this morning and I am not impressed with it at all. I used it on 2 cylinders and it doesnt seem to cut properly. I had the adjustment almost as tight as it would go on the top and there is still a small ridge left. It just doesnt seem like it is cutting as much as it should.