UPDATE #4
Finally sent the head to a competent "Head Work" specialist. The exhaust valve had a bit of play so getting the guide's replaced. Also the seats lapped with new valves and stem seals.
Polished the Combustion chambers, Inlet and Exhaust ports with their tracts to the best of my ability. Was unable to procure sanding flaps or cone sanding cartridges to did the best I could and wrapped up the port work.
Polished the piston too. Was going for a mirror finish but will settle on this for now.
To summarize the works done:
a) Combustion Chamber Polished, removed the "raised lips" around the Intake and Exhaust Valves and matched to surface finish
b) "Unshrouded" the intake valve since it ran too close to the walls
c) Matched the Intake Port to Manifold and Adapter, also enlarged the intake tract bore to the bore of the intake manifold
d) Enlarged the Exhaust Port and tract to match the "Copper Gasket" that seals the header pipe
e) Combustion Squish mod: Shaved 1.7mm off the base if the barrel as the piston to deck clearance was at 2.3mm. The piston at TDC now is 0.5mm from deck
f) Cut Valve Relief Pockets onto the stock piston with 2mm extra diameter than the valve face for "Wiggle" room and 2mm in depth too
g) Pushrod Height Reduction by the same 1.7mm
Did a compression test with a "Shady" compression test gauge and I could see 120 PSI however this is with my "battered" valve seats and valves as I did make a mess while using the rotary tool and carbide burr. Will do another compression test this evening at the time of assembly with new guides, valves and seats freshly lapped.
Before anything else, I sincerely want to thank all the forum members and contributors to share their knowledge, experiences and inputs on all other threads to enable some enthusiasts like myself to learn more about motorcycles and their performance upgrades and maintainence.
Special credits to Taurim, Bullet Whisperer, Karl, Ace, Gizzo, Derrotone and Guaire as your responses have really helped me to shape my thought process before and while going into this upgrade/mod.
I shall have saved enough by June 2nd week to get her onto a Dyno for tuning the Powertronics unit and understanding the power figures. So far the following is the price of the stuff I paid for here in India:
1) New Intake & Exhaust Valves: Rs.650/- [USD 7.95]
2) Guides, Stem Seals + Lapping and Machining Labour: Rs.1,200/- [USD 14.68]
3) Porting Tools (WD40, Burr, Rotary Tool, Lapping Paste, Polish, Sandpaper, Microfiber Cloth etc.) = Rs.5,500/- [USD 67.28]
4) Barrel Machining for height reduction: Rs.250/- [USD 3.06]
5) Machining Pushrods for length reduction: Rs.200/- [USD 2.45]
6) Engine Oil & Oil Filter Assy. since I'll also be replacing the oil: Rs.900/- [USD 11.01]
7) Gaskets for Barrel and Head: Rs.550 [USD 6.73]
TOTAL: Rs.113.16 USD or Rs.9,250/ rupees (a.k.a a third of my monthly take home :p)
Also, one thing I did different is I machined the push rod by removing the top part of the Pushrod (the one where the rockers press down on) as it was easier to pull since I didn't have mole grips. A heat-gun and a C-Clamp did the job.