No actually compression ratio is very important..
However, there are a number of things that happen when you start going up on bore, compression and power in general..
Engine life and reliability typically go down.. more power = more wear and tear..
You need to decide a couple things before you ever touch (or have someone else) the motor..
Just how fast do you want to go.. most any reliable builder is going to be able to quote combinations and hp specs before touching the thing.. Unless you have unlimited resources, do not even bother trying to come up with these combo's.
Cam/piston/head/pipe combos are like a puzzle.. they typically only work correctly when properly matched. This takes time, money and experience..
Budget is the other big issue.. there is the "one time" expense initially to build the thing, but it costs money to keep it running reliably. There are no shortcuts... That is why if you build a full on race motor, you do not want it just picking up miles on the street going point A to point B.. just wears it out faster..
Talk to some of the board sponsors about your ideas.. (keep in mind that they are not going to just "give" you combinations to engines etc, it takes time and money to get these setups dialed in and so you are saving money buy buying their knowledge)
They can give you approximate power levels and engine longevity numbers.. Personally? I would keep it basic to start out with.. you may find out you do not like racing (yea right) or find out the bike is fast enough to keep you happy now (and it will be ultra reliable in stock trim for the most part)
Professor could also give you some good ideas where to start on your program as well... (there is a lot more to racing than the bike.. trailer, tools, support equipment, tow rig, and all the hundreds of little details that seem to cost $100 each)