Personally the numbers look ok, if the cr was around 150ish id be questioning things.
Yes do the head gasket if you have the means and opportunity. Just watch your cam timing vs valves hitting pistons, i cant see any troubles you might have but check.
yes id agree, the more duration of the cams the higher the cr you need to aid low rpm torque. Im lead to believe upping the valve lift helps with torque aswell.
Best you could do is triple check cam timing and maybe get the dyno guy to have a fiddle with cams as to what works best.
What Kelfords timing card says and what the engine whats can and will be 2 different things sometimes, as people are finding out.