Interesting to watch the flow of the alcohol, which was mostly fluid, as it goes over the exhaust valve. Looks like sinking the exhaust valve a little would help. Flat heads are a real conundrum, to get compression you reduce the transfer area and vise versa.Some of the things that have been done with flatheads it looks like transfer area is the thing to chase. I have seen them with counter bores in the head above the inlet valve to let the valve open farther and then more cam timing is used to keep the valve in the pocket and out of the way of the inlet flow. I think that HD actually canted the valves away from the cylinder to increase flow.
Pink is pretty gutsy to turn 5500 with a three main crank, but with the French block and a good billet crank it must be possible.
Rex