I always recommend the LC9 engines. They use a beefy Siamese-bore aluminum block with thick sleeves. They also come with the best small-bore heads (799/243 stamped) and have stronger rods/pistons than the earlier 5.3 blocks.
Using an aluminum block also saves you about 100# off the front of the car.
Another benefit of the LC9 is that they're usually Displacement on Demand engines. This isn't something that you'd likely use, but I mention this because those DoD systems are prone to lifter failure.
If you're going to replace the cam, valve springs, and lifters (cheap and easy power), you'll replace all the problem parts that put these motors in the junkyard to begin with. I picked up my LC9 for $500 because it had 2 collapsed lifters and ran horribly, even though it only had 70k miles and looked brand new inside.
Like others have mentioned, 10:1 CR is no big deal. I run flex fuel, but 90% of the time, the car is on 93oct. I run 12-13psi on 93 (~620whp) and 18-19psi on pump E85 (~720whp).
I have very small turbos, so my setup tapped out around 18psi, but a good friend of mine ran 8.0 @ 165mph with a bone-stock LC9 with a cam, valve springs, and a honkin turboat over 30psi.
The LC9s are great bang for the buck.