Hi Steveman,
If you want to close up the squish but keep the CR the same then it depends on how much of the combustion chamber forms part of the squishband, let say that the squish band in terms of area occupies 50% of the total area of the chamber then whatever you machine off the 'gasket face' you would then need to machine twice as much out of the chamber, this is because you do not want to machine anything off the squishband, if you did you could be back as square one!. Having said all that it is better to take a small amount out of the chamber and then use a burette and a plate of Perspex in order to actually find out what the volume of the head is. In order to make small changes and to clean up the machining marks you can use wet and dry and your fingers! (spinning the head in a lathe). Once you have the head setup in the lathe then do not remove it from the chuck until all the work is done, if you need to measure the volume remove the whole chuck from the lathe along with the head. Fit a spark plug in the head before you put the head in the chuck so that you can burette it. (I learnt this mistake the heard way!).
Personally I would work out what the CR is before you start, I wish I had done this rather than just believing KTM, that is why I kept my head at 27cc which gives a really low CR, I then ended up doing a load more machining which is why my first head maybe a bit marginal with regards to wall thickness. KTM are knob heads!
As your piston is domed I would take that into account, you could push the piston 10mm down the bore and seal it with some grease (measure the 10mm at the bore, not in the middle of the piston) then stick the Perspex plate on the cylinder with a bit more grease, then fill the space with water whilst measuring how much water is required. I think that your bore is 72mm to with the piston EXACTLY 10mm down the bore it should take 40.69cc of water. Lets say it takes 30.69cc, that must mean that the dome takes up 10cc. You need to factor this into your head volume. If the piston is down the bore at TDC then that needs taking into account too (My 'x dimension', deck height in normal language is as near as darn it 0.0mm). The reason that I'm saying all this is because your CR might be lower than what Gas Gas claim in which case you could push it up to say 13:1. With a working squish 13:1 is a safe figure in my opinion! Aim for a squish gap of around 1.2-1.0mm.
(I've just taken my head out to 24.5cc which is approx. 13:1, the starter motor can now manage to crank the engine for maybe 2 seconds before having a heart attack!
You can buy cheap burettes off ebay, you really should get one before starting any work on the heads, I had a glass one for about 15 years but bits kept dropping off it, the other day it finally broke beyond repair!. I've now purchased one of these....
Type Stopcock burette. 50ml capacity. Capacity 50ml. Network Cables. Acrylic body is unaffected by dilute acids and bases except hydrofloric acid and ammonium hydroxide. The acrylic bodies and leakproof stopcocks of these dispensing burettes ensures high performance throughout their use.
www.ebay.co.uk
I've just googled the head for your bike, it appears to have the combustion chamber protruding from the gasket face, I guess that makes is a little bit more tricky to skim the head but its still 'do-able'. Having a flat face means that you can clean it up nicely with a sheet of wet and dry and a plate of glass, this would not be possible with your head. Buretting it would be a little more tricky to but again its do-able!