Howdy back All:
While I can't disagree with 65Fastback on the recommend to deck to block, I see no problem with milling a head .075". It will not effect the quench dimension (Deck Clearance) or effect, as it is a product of chamber-to-bore ratio, and deck clearance- the space betweem the top of the piston and the deck surface of the head. Deck clearance includes head gasket thickness and deck height, the distance from the top of the piston to the deck surface of the block. On a '66 OEM 200 that is typically .025" for the steel shim head gasket and .025" deck height for a deck clearance of aprox .050". .050" is on the large side for effective quench, but not bad with a 9:1 CR. If you have to go with a .050" thick composite head gasket it will balloon up to .075", dropping CR by a half a point, for very lazy combustion turbulence. Short of finding a NOS steel shim head gasket milling is the best compromise. Raising the CR improves the quench equation. The higher the CR the more mixture is squeezed out of the quench space.
Poor quench and low compression = not good combustion efficiency.
Poor quench and high compression = better combustion efficiency.
optimum quench & higher compression = best CE.
Milling the head has several positive effects in addition to raising CR. It does not require a complete engine tear down, it move the spark plug closer to the piston dish, it allows the intake valve to drop deeper into the cylinder, in effect unshrouding it. And it trues the mating surface of the head.
The only downside to milling this much is the possibility of bottoming out the head bolts in their holes. That's one reason for the washers recommend
Decking the block is the most effective way to improve quench- assuming you can find a gasket that will allow a .035" to .040" deck clearance. The NAPA Victor 3910VC head gasket specs out to a compressed thickness of .044", which may be the best available, known choice.
I'm in the process of examining the Corteco head gasket for the 200/250. I just received two from AzMike. They mic out at aprox .050". They have no compressed specs stated in the packaging. Neither does their website.
The 80% of uncompressed thickness generality would depend greatly on the composition and construction of the gasket and the torque applied to it.
that's my two cents, for what it's worth.
Adios, David