At low revs and low throttle, the cylinder filling will be low, increased compression can be used without pulling timing, or even possibly with added timing, to net a reasonable gain in power, much the same as you could at high altitude. I'd expect to see around 5-10lbft gain in the range of daily driving duties which is what people notice and like. Fuel economy would most likely improve.
As the revs and throttle increase, the cylinder filling increases and so do the cylinder pressures. I don't know the knock limit of 99RON, but my workings suggest the standard engine sits at around 700psi peak, so assuming we don't want to exceed that given we're a point down on RON, then I'd expect you'd need to start pulling timing and /or adding fuel between peak torque and peak power, which will reduce gains, possibly even back to stock output depending on how finely tuned the OE map was.
Another point to consider is that if this compression is to be made from the pistons alone, it would require a 10.5cc dome all else being equal. That's a significant blockage to overlap through flow at TDC, which can and will impede cylinder filling. In addition, any additional mass on already hugely stressed conrods will be contributing to more rod stretch at TDC which will increase the effective compression ratio even more.
All things considered, I'd expect to see no significant gains in peak power, possibly delivered at lower RPM and with a plateau of power right around the top of the rev range. An increase in EGTs and fuel consumption. Probably lots of nice pops and bangs from the exhaust due to hotter gases and more unburnt fuel.
At WOT at low revs, I think the fact that the small lobes can only feed about 80% of what the VTEC lobes can mean that the timing can still stay pretty aggressive as the cylinder pressures will stay pretty reasonable. Overall I'd expect the difference in torque between high and low cams to diminish to develop a much flatter torque curve, fuel consumption will improve during daily driving and increase along with EGTs under high RPM WOT.
I guess it all depends on how much breathing space you've got with the standard engine to increase ignition advance before it starts knocking. The more you can use, then the bigger the gains from increased compression, but if the standard map is already quite close to MBT then there's probably not a lot to be gained without other compromises. That's something you as the tuner no doubt have experience of, and I can only hope to learn. An S300 is on the shopping list for the ATR, so hopefully I can start testing ideas soon...
I'm now prepared for you to tell me I'm totally wrong on all counts...