I did a little extra reading on the subject. There are few interesting points in this write-up from Street and Strip Motorsports.
The extent of the engine preparation will depend entirely on how the engine is to be used. A supercharger can be installed on a stock engine with cast pistons and a cast crank as long as moderate boost (below 8 lbs.) is maintained and any detonation is strictly controlled. Engine speed should also be limited to 5,000 rpm. Detonation on cast pistons can easily break ring lands. Too much boost and/or detonation on a stock or worn engine can cause piston damage or burned valves.
Most late model "smog" engines work well with a supercharger due to their lower compression ratios and smaller cam profiles.
Supercharged Engine Guideline
1) 7.0:1 to 9.0:1 compression ratio: The optimum compression ratio is 8.0:1.
2) 4-7 psi boost level: This range of boost has proven to be the best compromise for power and reliability.
3) Engine rpm: When using stock cast pistons, the engine should be limited to a maximum of 4,500-5,000 rpm. Exceeding this limit may over-stress the cast pistons causing failure. Blueprinting an engine using the proper components will allow higher rpm reliability and will maximize a supercharged engine's potential.
4) Detonation (pinging): Detonation is the single most destructive force in a supercharged engine and steps must be taken to eliminate it. This may include lowering boost level, retarding timing, installing a boost timing master, increasing fuel flow to prevent leanout, and/or using a fuel additive to raise octane level. The cooling system also needs to be in good condition to prevent overheating, which may lead to detonation.
If an engine is to be driven hard or under load, as in towing, a thorough blueprinting should be considered. Forged pistons, with their inherent strength and ability to withstand higher temperatures, are recommended. Follow the piston manufacturer's recommendations for piston-to-cylinder clearances.
A compression ratio exceeding 8.0:1 is not recommended, nor is it necessary for brisk performance from a supercharged engine. If raised to this level, fuel, ignition timing, and total boost become critical factors.
Next consideration would be the piston rings. They should always be the best quality available because the piston rings take as much abuse as any other component in an engine. "Moly" or "Double Moly" piston rings (iron piston rings coated with Molybdenum Disulfide) are an excellent choice for supercharged street engines. They seat quickly and wear well. For hot street or competition, where higher boost will be used, chrome or stainless steel piston rings should be considered.
Consideration should be given to using heavy-duty fasteners especially on the connecting rods and main caps for added durability and strength. If the engine will be run with a high boost level (12 psi or more), high-performance head gaskets with built in stainless steel O-rings are recommended because they can withstand the higher combustion pressure and temperatures encountered in a supercharged engine.