On all the Ch*vy Comp Eliminator 292's inlines i've done, they also have a head gasket as the weak link. With only 4 bolts per cylinder, and a 7/16" head bolt, once compression starts to rise above 13 or 14:1, even O-ringing the block alone doesn't cure it. One thing we found that did virtually eliminate it all together was drilling and tapping the head bolts in the block to 1/2". This will allow you to apply a greater torque to the head(95-100ft.lbs. vs. 70-75)Im sure if you are going to be running boosted, you will find it to be a necessity for you also to do this. This will be a relatively easy fix to do, but is well worth it....I would still o-ring the block also.