689ft that's nothing. I'm at 1,300ft and it's still fine
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Here is a real question, what ecu are you going to run? Can you tune or will you use a base tune or go to a tuner?
If you are not running a real time tunable ECU, or have no access to burn chips, or can't tune nor have access to a good tuner, then stick to 8.5:1. This will let you get away with more mistakes. It will also let you get away with crappier gas, still use 91 though.