I believe it's possible. .036 quench is a good start but make sure you have a piston and cyl head with decent quench pad area. Doing that, I doubt you gain anything by going up to 34 total advance. The 87 will require less advance anyway meaning, not to prevent detonation, but it just won't require as much advance. Especially with excellent quench. The camshaft duration will determine this ability to run on 87 also.

My 408 with 10.2:1 and 236@ .050 cam, .038 quench using a step dish piston and magnum heads/polished chambers made no more power with more that 30* total advance. This was using 93 pump with 10% ethanol. Made 526hp 496lbft only tuning for a couple hours.

To push the limits on 87 would require some trial and error testing though and probably some cash.