That should work with no problems, assuming you will not use domed pistons. I believe the 289 has smaller combustion chambers than the 302.
Both engines have a deck height of 8.206".
The compression height for the pistons in both motors is 1.605". The .130" longer stroke of the 302 is used with the .065"shorter rod to keep the compression height identical.
(Info from a Ford Motorsport catalog)