29 years after a rebuild....

Or the exhausts have receded into the seats with the no-lead fuel. Sounds like something has worn enough for the retainers to move. If the spring height was indeed set to 1.75" (not 1.65"), then the retainers were sitting high to start with.....Deep valve seating?
Yes, I'm thinking that the valve seats are recessed, even though the wear is on both rockers in most cylinders. Hardened seats only for exhaust right? Yeah I'm not positive on the install height number, dosnt that measurement apply to the spring only, not including retainer or shim? I can check them. I'm agreeing with you guys that the heads are probably wore out. With no port work, but replace valves, guides and exhaust seats, valve job, is it better to buy reconditioned iron heads condsidering they flow better?