Rod ratios that high are more sensitive to knock than for example 1.7, etc. but as to actual numbers IKBA. There isn't much diff (if any) between your 2 ratio choices.
Remember than the weak density/atmo of Wendover is your friend in designing in a static CR, since some people plan on closer to sea level and can't use such big numbers.
Not sure how much effect, but the narrower the RPM range the engine must pull near top speed (viz., close-ratio with high progression is better than street ratios) the higher the static CR, closer to max power the jetting, more aggressive the spark setting. In any event, does your drive-line allow keeping the engine above 5,000 RPM under power?