Hey, Bort;
Check the deck height (from the top of the piston to the top of the block) before milling that head. In the 60s engines, this varied from .040" up to over .100". If you have one that's at .040" and you mill .060" from the head, you'll be in the stratosphere with the CR. Also, if you have a 1978-1979 head, the cc volume is between 55cc-58cc, and the stock bore of 3.680" at 3.910" stroke gives you 41.587 cu. in. (681.5cc).
Turn the engine until #1 cylinder is at TDC. Then, scrape ALL the carbon off of the top outside edge of the piston (the highest part), but gently - don't scratch it up. A little dab of kerosene will help loosen it up. Then, set a flat piece of steel across the bore, over the clean spot. Start stacking feeler gauges between the steel flat and the piston crown until you think you've got it pretty snug. That's your deck height number. Mine, just for reference, was .046" on #1 and .050" on #3, so they are not necessarily all the same.
The volume of this deck height area, plus the volume of the "hole" of the head gasket, plus the combustion chamber volume, together equal your compressed volume. Add to this number the volume of your full stroke for your uncompressed volume. Then divide the big number by the littler one, that's your COMPRESSION RATIO (presuming a more-or-less stock cam).
Just in case you don't know it, the 'volume' of a hole is:
(Diameter/2) x (Diameter/2) x 3.14159 x Height (cubic inches)
or, in English, "radius squared times pi times height".
To convert this to cc values (cubic centimeters), multiply the cubic inches by 16.3871 .
(Not trying to be uppity, it's just that a lot of guys don't know these formulas.

).
The steel head gaskets compress to about .020" at 60 ft-lbs, .018" at 70 ft-lbs head torque. The NAPA/Victor brand go down to about .045" at 70 ft-lbs torque and the Fel-Pro gaskets go to about .055" at 70 ft-lbs (I only know because I spent lots of money to try all 3 out).
Hope this helps.