Gosh where to start...
Assuming you have a 1256cc engine then the gasket set will be fine, if you are using a 1159cc engine then the gasket set apart from the head-gasket will be fine.
Secondly + 0.020" pistons will not increase the displacement of the engine by 150cc more like 15cc .. The error you made was to input the piston oversize as 0.200" when in fact it should of been 0.020" (20 thou).
I have redone the cc calculator you used and it now reads 1271.6cc.You can get pistons up to + 0.060" but one has to be very careful at that size as they are likely to make the block walls to thin and possibly break into the water jacket. The largest one tends to see for sale however is + 0.040" (in metric +1mm)... using these your engine displacement is around 1287cc.
In order to convert from Low Compression (7.3:1) to Normal compression (8.7:1) one needs to change the pistons (as you are doing) to change to High compression (9.5:1) one needs to skim the cylinder head (most Haynes books will give the head thickness) unless of course your a paid up members and all the head thickness sizes are in the private members area under "Anorak Corner".
OHV cylinder head depthsNick is right about paint colours, recon units are generally blue or grey... ready to be painted as required... DO NOT believe the paint colour one needs to check engine numbers and possible internals to confirm it is what the could suggests.