I have a head on mine that I had cut .100" and sunk the exhaust valves the same. It is on a 235 with solid lifters.They seem to adjust without any problem. I have turned the engine by hand but am not far enough along with the truck to start the engine yet. I agree with what Hotrod said.

http://s532.photobucket.com/user/tzkjoker/library/Truck?sort=3&page=1