The solution so far has been a new head build using the BSR head as a guide from a porting perspective. We didn't go crazy with long valves, tall springs, machined spring seats, and shimmed towers. It is an E31 with the BSR porting, N42 valves, performance springs, and a Norris 490/280 cam. The head was only lightly resurfaced. So the compression ratio is probably around 11.5 - 12:1. Before we were closer to 13.5:1. So far no issues, but we really need to wait for warmer weather to be sure. Still goes like hell.
I don't know for sure if tilting the hood is good or bad for getting hot air out of the engine compartment. A freind who worked on the BSR team in the 70s suggested it at a vintage event. Heck, we were willing to try anytihing at that point, and it was easy to do.