Aside from what Janus mentinoned, I'm confused by the details. Is the object orbiting the Earth at .8c? If so, it can't be in a free-fall orbit. (Possibly it could be in a powered orbit, i.e. accelerating via a rocket very very hard). But this seems to be inconsistent with the intent to have "no acceleration. (Though it turns out this intent is impossible, as Janus has noted).
Possibly, it was intended that the orbiting clock be orbiting a body with a strong enough gravity so that an orbit with an orbital velocity of .8c was possible, which would make it a black hole.
There would be effects in this sort of scenario due to both GR and SR.
It might be helpful to consider real-life examples of satellites in orbit around the Earth which have been measured. While the velocities for such orbits are certainly less than .8c, our clocks are sensitive enough nowadays to detect the relativistic effects of velocities much lower than .8c.
See for instance
http://www.astronomy.ohio-state.edu/~pogge/Ast162/Unit5/gps.html
Because an observer on the ground sees the satellites in motion relative to them, Special Relativity predicts that we should see their clocks ticking more slowly (see the Special Relativity lecture). Special Relativity predicts that the on-board atomic clocks on the satellites should fall behind clocks on the ground by about 7 microseconds per day because of the slower ticking rate due to the time dilation effect of their relative motion.
Further, the satellites are in orbits high above the Earth, where the curvature of spacetime due to the Earth's mass is less than it is at the Earth's surface. A prediction of General Relativity is that clocks closer to a massive object will seem to tick more slowly than those located further away (see the Black Holes lecture). As such, when viewed from the surface of the Earth, the clocks on the satellites appear to be ticking faster than identical clocks on the ground. A calculation using General Relativity predicts that the clocks in each GPS satellite should get ahead of ground-based clocks by 45 microseconds per day.
The combination of these two relativitic effects means that the clocks on-board each satellite should tick faster than identical clocks on the ground by about 38 microseconds per day (45-7=38)!
The actual clocks were at a high enough altitude so that the GR effect was most important. For a hypothetical orbiting clock at sea level, though, the GR effect would be absent and the SR effect due to time dilation would be the most important.
Of course the actual measurements I refer to were only done for orbiting clocks at very high altitudes, though the
Hafle-Keating experiment is closely related (and consistent with SR).
Note that From the GR perspective one would say that the orbiting clock is in free fall, but the Earth clock is accelerating. A Newtonian perspective might (confusingly) take a different perspective, but the important thing to note is that the problem definitely does involve acceleration no matter how one tries to pose it, as Janus has noted.