For FWD its great, you can make the power more progressively.
Thats why on my car im running 8.2:1 compression to make 500bhp+ on pump fuel hopefully, but i will be doing it well over 8Krpm
If i was going for 500bhp in a cossie, i would want the torque to go with it as you have the grip and the weight pressing down on the tyres etc, so i would got mid 7s or less on compression and make it at less rpm.