Thanks for the reply Denny.

Yes, will throw a new intake and carb on it.
Approximately 30k for miles. Oil pressure is great.
The fellow that built the motor recently passed away, so I'm not certain what the engine specs are, but I would imagine it's at least 12:1 right now. I would also assume that the intake valves have been restricted? is it possible to get the compression ration down to at least 10:1 without having to swap pistons out?