Lots of cars run higher than stock compression on pump gas. I don't know about the 7M specficlly, but I really don't think its a particularly detionation prone combusion chamber design. Plus, even on N/A engines the stock ign timing maps are conservitave enough to keep it from pinging.
Milling the head and thin headgaskets change the quench area in the head, and if high compression pistons are avalible it will almost always the second choice for higher compression.
Most cars you can pretty easily go one point up in compression. Thats most cars, maybe there is something I don't know about the 7M. My last car I went one point up in compression and advanced the ignition timing 2 degrees and it was great. Never any problems.