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CC is Cubic Centimeters. You can block one opening of a port and fill it with liquid from a measureing device. This shows the size (volume) of the port, not how much it can flow. Some heads; with a 190CC port for instance, can flow much more air than another, with the same volume port. It's design, and engineering. Generally speaking though, a large port can flow more, but at a slower velocity. This makes for a less torquey, less responsive motor; in the lower RPM ranges, if it is used on too small a motor. Too small a port on a big motor is responsive, and torquey, but won't make big HP. It's getting the right combination that makes for a winner.
There were two heads used in '86. Early units were cast iron; later aluminum. I think the late heads were 58 CCs. If you put 64 CC heads on the late block, you would lose compression. Heads can be milled, for smaller CC chambers... sometimes you also need to mill the intake faces of the heads, to allow the intake manifold to fit properly afterwards. Depends on how much material was removed from the deck of the heads. Can't be sure if the heads you're looking at can be milled that much. Check with manufacturer. Pistons can be changed, and thinner or thicker head gaskets can also be used to change compression ratios.
If small cc chambers and maintaining compression ratio is desired in an off the shelf head, you may want to check out the trickflow 175 cc head.
This head has 56 cc chambers and flows about the same as an LT4, vortec, or LS1 head. They're inexpensive and available in several valvespring, intake bolt pattern and valve cover configurations.
I think its a good cost-effective choice for an L98 upgrade.