Those Omega pistons certainly do have a mightly fine squish

I think squish and quench are extremely important.
A couple of good examples, the 924 Non turbo lacks good squish, tackle this and the low to midrange performance comes on leaps and bounds, but because it does not massively hike the peak BHP figure that everyone likes to judge, improvements hear rarely hit the headlines. The same is true of the NA head, which can be modified to make a real winner.
The other example were the pistons that Steve linked to in another post on 924.org, truely aweful pistons in my opinion, especially the seller trying to palm off all their drawbacks, including the poor squish/quench design as not being important.
The only thing I am not sure of with the Omega pistons is their very deep bowl, and at higher rpm if the flame front will completely burn the charge at the bottom, or if the charge down their may extinguish the flame front at the end of its "push" as it reaches the bottom of the bowl.. However, on the other hand, it may even help the engine scavenge the last drop of power from the charge at lower rpm when it has longer for the flame front to burn into the bowl with a reducing surface area..
All very interesting.. I would love to see a picture of the tops of the crowns on these pistons after 1000 miles or so, that will tell a really interesting story of how the charge swirls into the crown, where the charge boundary remains and how complete the burn is.
I think it will be ok.
I believe that on a turbo charged engine it is important to have a good squish/quench versus ideal CR, ideally you would achieve all things, but with a higher CR than ideal you can adjust the boost to the engines efficiency band, but you cant adjust anything to make up for a lack of squish/quench.. not to mention that an engine with high CR and good quench you can run higher boost in some or most cases, than you can on an engine with low CR and no quench..
Like everything in engine building and tuning, its all a balancing act and every decision is a comprimise, you just need to balance and comprimise your choices dependent on what you want to achieve.