FastKaz,
a CR change of 7.8 to 9.5 really is a major step and one which it sounds like you are ill prepared to make.
Why on earth are you prepared to make a radical change to your engine but are against using higher octane fuel?
There are many things that you can do to make running with that setup 'safer' and Pat has already started the ball rolling (though he must be in a good mood today to even bother repying to your post!).
My suggestion would be to go away and Google what effect the change in CR is going to have on your engine, learn a little about it - then come back with some more specific questions.
MS