Lozza will probably never talk to me again, but...
We all talk about static compression ratio, but when it comes to the maximum comp ratio for any given fuel, what matters is the dynamic compression ratio.
The maths is beyond my beer-addled brain, but the simple version:
1. The more aggressive cam is, the more static comp ratio you can run.
2. The smaller the bore, the more static comp you can run.
3. The shorter the conrod, the more static comp you can run (but short conrods have their own, bigger draw-backs).
4. The 'cleaner' the combustion chamber is, the more static comp ratio you can run.
In your case, I'd reckon you could get away with 13:1 IF the other stuff was in your favour. But 12.5:1 is probably only a head gasket away, so that's a safer bet.