When Guzzi built the 850 (844 cc actual) with it's longer 78 mm stroke, there was no change to the cylinders or connecting rods, only the pistons. The piston pin was located 4 mm closer to the crown.
If pistons meant for an engine with the 78 mm stroke were installed in an engine with 70 mm stroke, then yes, the result would be that the piston would be 4 mm down from the top of the cylinder at TDC and compression would be super low.