Tim,not all is lost by any means,as i suggested before if it detonates on 93 which it likely will if the timing isnt already retartded as heck to run on pump fuel when you got the car which it very well may be just use the Kemco real lead booster at the 1qt to 18 gals mix for 97.8 to see if that stops the ping .
But if it runs on 93 with no ping its either got a very lrg cam,doesnt really have 11:0 comp,or the base timing is retartded along with total too to run on the 93 fuel.
If you suspect retarded timing if runs on 93 with no ping a good base timing setup with perf cam is approx 18 deg base + 18 deg mech in dist in by 2800 rpms for 36 total,hotter cams may like 20 deg base + 18 deg mech for 38 total.
If it runs on 97.5 octane fuel mix with no ping great but if not simply mix more of the Kemco to get approx 99-100 octane (see info on container for mix inst),i know from 1st hand exp with the kemco it works well for motors in the 10-11:0 comp range .
If this is a limited use wk end runner the additional $100-150 cost for fuel yrly to run the motor is not that big of a deal when you take into consideration what it takes $ wise to be in this hobby in the 1st place. Thats approx $8-12 monthly so cut back a few coffee's & donuts over the yr and you have that made right there.(LOL!!!!)
Also,think of all the $ /time/effort it would take to diasasemble the motor to change heads /pistons/and or cam etc & re-assemble to lower the comp and or cyl pressure enough to get it to run on pump fuel & not detonate which would be a real waste if the motor runs well as is with no leaks and it not using oil either.
In 10 yrs the cost for the Kemco would be approx $1000 and just to revamp the motor to run on pump in 1 shot could cost over that and you would maybe have sold the car by 10 yrs down the road etc avoiding the hastle and cost of revising the motor setup/configuration to run on pump fuel at this time,see what i am getting at here?
Scott