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The timing is dependent on the belt... reduce material/distance from the cam and crank pulley and you change timing since you've reduced the leading (tension) edge of the belt. The tensioner is on the trailing edge, it's to keep slack out of that side.
To figure out the change in compression you figure out the change in your compressed and uncompressed volumes. In other words, 2.2L/4 = .55L uncompressed, your old "compressed" volume is .55/old CR. Figure out your new volumes and divide to get the new CR.
You need to add in the CC volume to these volumes to be exact, but this should be fairly accurate. You can probably find the CC volume on the web somewhere.
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