ive been looking this thread for a couple of days now, and two of the best flathead engine builders on here Walt and Pete say butt grind the valves, if your using a reground cam that needs longer valves use chevy valves, if you have to use adjustables to get the right setting and have to back the adjustables all the way out they wont stay set, easiest way like walt said is weld up the stems and then butt grind, even the best adjustables will loosen up at around 10,000 miles and then you have to go back in and reset, thats a lot of fun, do it right the first time and you wont have to do it again for the life of the engine, and another thing you guys say is its to expensive to buttt grind, the engine is there having work done on it, valve job, i have a retired machinest that does my work, he can butt grind all the valves in less than two hours, at $60 an hour thats $120 or less, half of what a set of adjustables will cost, and i never have to worry about them again, as for adjustables being put in rebuilt engines by ford, ford didnt rebuild them, he had them rebuilt by an outside company, ive always thought the adjustables were used by incompentent engine builders or the owner just wanted bragging rights at the local car shows