In my feeble mind, a compression gage is all I need to compare the cylinder pressure readings
If they are not close to the same, it's time to start planning a rebuild.
Start with the heads, then cylinder wear and if you go that far, you might as well keep going on rings, crank bearings and cam.
Timing gears/chain also.
I have not rebuilt many engines, but every time I started with a valve job I end doing a full rebuild.

Don


1967 GMC 9500 Fire Ladder Truck
"The Flag Pole"
In the Stovebolt Gallery
1946 2-Ton grain truck
1946 3/4-ton pickup,
1953 1-ton pickup
1957 1-ton flatbed dually,
1954 Pontiac Straight Eight
Of all the things I've lost in my life, I miss my mind the most!