No. .100 in the hole and sometimes more is how they were. The slant 6 is usually around .180 in the hole. You can argue till the cows come home, but that's how they were built. There were some exceptions, like the 318. They were usually .040-.060 in the hole. Your calculations for the aluminum head are probably about right, but the iron heads typically had larger chambers than what was specced, so the stock compression would blueprint a bit lower than spec, like they all did. 8.75 is probably about right with the 60cc chamber.