Quick note:
The Quench area is where any fuel/air mix will not burn because the surrounding metal sucks the temperature of the air down below what is needed to light the fuel off.
Running hard, it doesn't matter much. Plenty of heat and pressure to burn off the Quench when it becomes exposed later in the stroke. However, in low power, economy power levels. The fire is mostly out by the time the area opens up. So it never attains combustion temp. So any fuel that gets in the area will not burn or will burn poorly.
So reducing the clearance reduces the opening for fuel to sneak into the dead area.
When there are valve reliefs, The actual small gap quenched area is tiny compared to a stock piston without reliefs. The valve relief, however, will have a quenching affect too, and I have found that anything less than around 0.060" will have quench issues.
So even if you don't really need it, I would go at least 0.075" or greater with the reliefs.
I also don't recommend anything over 16.5 : 1 for compression. You just don't need it and gain nothing from the higher compression other than a engine that rattles.