not sure about the valves, I lucked out with mine having such low mileage that i havent had to go inside the motor aside from swapping the distributor.
Im still an amateur at engine design. I have an 84 buick estate wagon with an olds 307 that is needing rebuilt, will be my first engine overhaul so wish me luck when i get the kahunas to start it.
thats great that you have no rust, mines pretty solid too, aside from a little rust on the bottom of the driver door, whatever might be underneath my crappy vinyl top and a little around the trunk seal.
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