Higher octane fuel does not have a higher energy content, that is a common misconception. Higher octane has a higher resistance to ignition, thus it is used with engines running higher compression ratios (or boost) which generate more heat in the cylinder. Minimum octane required changes with many factors, including ambient temp, pressure, and compression ratio, among other things. Use gasoline with an octane rating high enough for MBT timing.
The thing is, spark timing is a very important factor in engine operation, with compression ratio being a more minor one. A bump from 7.5 to 8.5:1 compression may net 2-3% gains, but drop spark timing a few degrees from MBT and you're way down on torque production.
Now, NA L-engines have been turbocharged in the past with good results. As long as the tune is correct, there should not be a problem.
My 2 cents.