So you are working with like a '74 440 with cast pistons about -.110in the hole at TDC ? I would believe the simplest, best bang for the buck, and possibly the cheapest would be to buy the alum Edie heads.
Reasons I say this, is that starting compression is probably less than you think, closer 7.5 than 8.5 with stock open chamber heads, and good head work is expensive. The deck/intake cut ratio is about 1: 1.2; you cut more off the intake surfaces. It takes four mill set ups and time is money. After not having some heads milled for over 20 years, the last set I had cut about 2 years ago I about choked on the price quoted. We flipped a coin for $50 of the charge, I won, and paid $250 for the milling. Makes buying valves seem like a better deal, especially if improved with at least the 1.81" bigger exhaust.
If you do have the low comp pistons, my second choice after the new alum heads, would be use the old closed chamber heads and buy new bigger valves, you probably need new valves anyway no matter which heads you have rebuilt.