olev,
according to my calculations, the compressed volume for a CR of 8:1 would equal 36.6ccm (calculated with the cylinders bored to +40). To lower this to 7.25:1 CR you'd have to increase this volume to 41ccm. For a bore of 67.02mm (= +40 oversize) this would mean fitting a reduction plate of 1.244mm thickness.
A 2mm plate will lower the CR to 6.9:1 btw.
The Shooting Star however has always been running on 8:1 or 8.25:1 (not sure), mine is running on almost 9:1 without any troubles and goes like s**t off a chrome shovel.
Peak and mean pressure are much lower than with a 650cc, so I feel the small crank and thin flange barrels are fairly strong enough to cope with a CR of 8:1.
Err, at second thought, we aren't talking about an early long-stroke engine, are we???