For a streeter,
the only compression ratio the engine cares about is the
Effective Compression Ratio.
Static Compression Ratio is a tool we use to get the Dcr to where we think it needs to be. But if you build an engine to operate at a specific elevation, or a specific air density or with a specific carb, then you can throw both of those out, cuz you need to compensate for the lack of oxygen molecules.
Yes you can run 10.2 Scr, with a matched intake valve closing angle, to achieve a correct Dcr, for the intended octane rating. But if you run it up at 5000ft it will be a dog.
It is possible to far exceed the Dcr for the intended gas, simply by limiting the amount of air inducted, or lightening the load, or even running a somewhat specialized chamber shape.
It's all about the peak running pressure in the chamber, and the resistance that the load presents to the crank, when that pressure peaks.
As for me
Would I run 10.2 with a XE274/286/110,@876 ft elevation with iron?
Sure/No problem. I might even run it up to 10.5 with a very tight quench, or a double-Q head like the LA-X . But for a streeter, I wouldn't run a 230/236/110 hydro again. It gets lousy fuel mileage no matter what you do, cuz the extraction period is just too darn short.
I'd go one size smaller, tighten up the split, and the LSA for my close-ratio Manual-Trans, and make it a solid.
But don't you do that, cuz that's when your problems would start, cuz 10.2 will likely result in too much pressure.
The 230/236/110 is a powerhouse cam, but it sacrifices too much bottom-end for me, and like said, it sucks gas pretty bad. I've been running my 230FTH Hughes since 2004, and in all those years I have been waiting for it to puke so I can replace it.... but it just keeps on going...
If you have an automatic, then the 230* will be fine with a higher stall, to get you past the soft-zone. At a true 10.2Scr, with iron heads, I would install that cam at 108 to 110, and put enough valve spring on it to go to at least 6200, (I'd spring mine to go 7000 but Ima sticking to a FT lifter.)
Try to get your Q to .040 or less, and not more than .050. My Q has been as low as .028 with great results; I highly recommend it. Currently it is at .032 to .034, since about 2004.
If you cannot get under .050, then 10.2 MAY be too much to run full-timing with a 750carb, and best pumpgas.
10.2 with alloy heads is too LOW to justify the cost to performance . They will want about 11.2..... with that XE274cam