Gene, The displacement of each cylinder is 201/4 or 50.25 cubic inches. It will be a little more if the engine has been bored, but not much and not enough to worry about. Lets say you measure the oil to fill the combustion chamber to be 7.7 cubic inches. Then the compression ratio would be 50.25/7.7 or 6.5 to 1. If you measured 12 cubic inches to fill, then the compression ratio would be 50.25/12 or 4.2 to 1. There are lots of errors that can creep in so one decimal place in the compression ratio is all that can be expected.
Make sure the piston is at the top and both valve are closed. That would be cylinder 1 with the pin in the detent in the cam gear. Also, fill the oil to the bottom of the spark plug hole, not the top.
It would be best to suck the oil out rather than let it escape out the exhaust manifold. Some will escape anyway and will create a lot of smoke when it starts to burn off.