Alternatively get a rebore done and fit larger diameter pistons to suit (.
7:1 is too low unless you're building a drag car or something. It will be a pig to drive off boost. Just to put it in perspective Escort Rs Turbos are 8.2:1 from the factory and early Punto GT run 7.8:1, later ones 9:1 and the difference between the way the two drive is night and day.