While the static compression ratio on the 272 is low enough that you can run 87 octane fuel without issue, the amount of ethanol in the premium grade is less (typically 5% or zero) and the shelf life of premium is also much longer. If the truck is not going to be used a lot, then having premium fuel in the tank helps in the long run. Your carburetor, fuel lines, and tank will also like any reduction in ethanol you can give them.
It pays to check the ethanol content in the fuel you are buying as I’ve found up to 30% ethanol in pump gasoline that’s advertised as being no greater than 10%. That particular 30% case was suspected to be gasoline that had broken down by both age and moisture absorption within the dealers tank. By the same token, I check the premium gasoline regularly and as a general rule find it being no greater than 5% versus the 87 and 89 octane fuels being right at 10%.