For those wondering about rod stretch, the rods usually stretch slightly at TDC during the exhaust cycle, when a returning negative pressure wave in the exhaust helps drop the cylinder pressure below 1 atmosphere during the valve overlap period. Obviously, material grows with head as well, and that’s a big part of it.
For a typical V8 drag race engine, that runs, say 9000rpm:
Aluminum rods: 1.3-1.5mm cold p-h clearance
Steel rods: 1mm-ish piston to head
Both get you near 0.1mm running clearance, with a 100mm + bore, 90mm + stroke, at those kind of rpm’s and piston weights. So their running compression will be the same, but obviously will measure different cold. Most builders who don’t have the sophistication to do live firing FEA analysis, just simply keep closing up the piston - head clearance and on tear down check. Usually when you see start seeing clean spots on both, you know you’re there. That’s how builders have been doing it for decades.

