As CooperMan said, it's different with every engine/head to determine how much you need to skim. I done a rough calculation that for every 1mm you take off you can loose around 1.9cc.
It is a lengthy process, a few calculations, but as soon as you have the correct measurement of your 295's chambers, then that will give you good ground. But by what you're saying about your 295, it seems the likely hood of them being the standard 28.3cc is pretty high. But in no way take my word for it! Do the measurements!
Regarding bmt216a, the 295 will give you a good gain in power (once again, that's if the time is put in to correctly work out what needs machining). Also, i am running a standard cam, yes. I have only put this head on my engine because i needed a head gasket change anyway and the head was just sitting there... I'm currently building up another A+ 998, same condition as mine, but it's going to have a 266 cam for more lift and the duplex timing gears for a bit of extra strength.
Hope this helped! But do ask more questions if you have them, hopefully i will be able to help you out!
Iain.