Hyper pistons are stronger then cast pistons but weaker then forged. They have a higher silicone content in them from what I understand to help them disperse the heat more evenly and to not expand as much as forged pistons do.
Nitrous can be used with Hyper pistons. Lt-1 engines in F-bodies came with Hyper pistons from the Factory and those guys are getting away with running a 125 shot on them
If you are worried about your pistons melting cause they are hyper then get them heat coated. The heat coating reflects the heat which keeps the piston cooler which helps increase the life of the pistons. Contact Hyptnotise(Mike lecompte) as he can get your pistons coated for you at a pretty good price. Or contact some companies that do it like Jet hot or what not. I have shipped my pistons off to Mike to have him heat coat them for me.
There are other ways you can raise your compression other then getting higher compression pistons. This includes shaving the block deck, shaving the heads, and using a thinner head gasket. If you do all three of these I bet you could get your compression up around 9.5-1
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Shaun-Toledo OH, 85 GT
3.2 With nitrous
http://members.aol.com/shaun41178