The question would be, "Why would you want to?" If you put a set of 10:1 pistons in that engine, which you can do, you don't have the head flow to take advantage of the compression ratio and the cam that would need to be used with it. Just installing 10:1 pistons with no other changes and the stock heads serves no purpose at all... and the piston change with the block work needed to change the pistons will cost more than a good set of heads... so why...?
Lars
I suppose the real question is, are you planning on doing this? Or are you just asking for shits and giggles?
Lars laid it out pretty well as to why it's not a good idea. At least if that was something that you were actually planning on. But if you're just asking if it's possible, then the short answer is yes.
The base engine in mid 60's to early 70's Corvettes (300 hp engines) had 10:1 scr (advertised).