Cant you tell by my ridges that they dont come all the way up?
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Run the #1 piston to TDC using the timing mark as a guide. Clean off the accumulated carbon. Find a metal straight edge and place it centered on the bore for #1. Start sticking feeler gauge probes under the straight edge. until you get a tight fit. This will give an approximate measurement of how far down the hole the piston resides. On a 400, they are nearly always ninety thousands or more down. If you want a real accurate measurement, rent the bolt on dial indicator from your local parts house.
A 7.5-8.0 comp ratio is not likely to support any significant boost in performance because the combustion dynamics are just not there. You need something in the neighborhood of 9.0-9.5 to gain good performance with an appropriate cam.
Dave