Starting with a 165mm crank, I just got a Cobb 145mm compact. I'm about your size, with perhaps a bit shorter leg length (size 32x29 pants). So far I have noticed no big difference in power, but a significant increase in comfort, as my upper leg no longer contacts my abdomen (Hip angle is opened up quite a bit). My cadence went up from around 80 rpm to 90+ or so, but still feels OK. I think this is because the foot speed is about the same for both cranks. 165 vs 145 is ~12% drop in circumference (the distance you foot travels in one rotation). 80rpm to 90rpm = ~ 12% increase in rotation rate. Looks like a wash as far as foot movement speed is concerned.
You might find this from Sheldon Brown interesting:…
All in all, I feel the shorter crank arms will be an improvement for me.