From David Vizard book on how to make HP, "chart on page 36 of his "How to Build Horsepower, Volume 1" publication, going from 11 to 13:1 would increase torque/power by 2.4%. With David's qualifier......"this chart is based on a street engine with a relatively short cam duration; the gain will be slightly more if the cam duration is longer." -Dave-
I think you could work it backward as well.
Now one thing is if you are worried about detonation, an engine is much more prone to detonate at lower RPM under a load, than at WOT. Simply delaying spark advance goes a long way in running an engine on pump gas. I use performance trends engine software, it will calculate an advace curve for most fuels for your engine combination, simply do the calculation and set up your distributor to that advance curve, has worked for me many years now.