If the quench band is not in spec, which most AVLs are not, then you are about at the maximum allowable compression for pump fuel right now. It might even ping with the 148psi that you have.
To know the compression ratio, you first must know the volume of your combustion chamber, and then you can divide that into the 500cc volume that gets compressed into it, and you'll get your ratio number.
The ratio number is not necessarily related to your actual cylinder pressure psi number, because your psi number is including the valve timing in the equation, and the basic compression ratio number doesn't include valve timing.
From my experience with the Iron Bullet, you don't want to raise the compression any more than what you have now, if you are using pump fuel.