If your 58 Ghia still has a 36er in it, you are not only wasting money, you are giving up precious hp. That's right, your low compression engine will make more power with low octane.
My own engine is 2 liters with 40 Dellortos, 'bout 120 hp. With 8.5:1 compression ratio, I only give it 87 octane. Runs great that way.