Most between the later 973 heads, and the 302 heads, run around 70cc..... My 302 heads on my truck were 61-66cc from chamber to chamber....
Been a long time, but I think I remember my 894 heads being around 68-71.
Of course, when building something for power, all my chambers end up being the same size as the largest chamber in all 8.... Just logic, right?
So, really, IMO, your not losing much compression going from a mid 70's 318, to a 894 head, because the later 318's were made to have lower comression, and the 894 head was made for a high compression engine.
eh??
Only drawback for the big port heads, is the loss of torque, and it's pretty noticeable when running in a heavier car, or low stall tc/high gear ratio type deal.
I still say run it!!!!!