Higher compression helps push the exhaust out. So yes on the street with lower compression the exhaust would flow much better. But what about race motors with 14 to 1 compression? This is where the older heads ported right can outperform the 308 heads with those too large pushrod holes that blocks the flow.
Remember the bigger the cam and rpms the more a large intake port helps. The 308 intake ports are restricted more than the older heads.