Dan: You have done that many times and have more experience, however, consider that the stepped pistons are used in conjunction with an overbore which in itself, increases the compression ratio.
In a 2.8L motor, with a Bore x Stroke of 86.5 x 78.8, the combustion chamber volume to achieve 9.5:1 compression is 54.5cc
An increase of 0.5mm in the bore to 87mm will raise the compression ratio to 9.6:1. (87.5 bore will give you 9.7:1) An increase in the combustion chamber volume of 1cc through a stepped piston will keep it at 9.5:1
Even if the loss of volume through the stepped piston is larger than that, I have a hard time believing you will lose 15-20 PSI in compression.