he doesnt need to get bigger exh. valves with a low compression motor, the difference between the 1.6 and 1.74 valve is minuscule. He is not building a drag car, just something with more power. the basic 516's would be able to fit his needs without having to pay the machine costs and the purchase of new valves. it is a common misnomer that you "have" to put in larger exhaust valves in the 516's, but you do not "have" to at all. In an ideal world, 66fury would just rebuild everything, but since we are not dealing with this situation, I believe you run what you got, and this will be the cheapest way for him to make more compression and HP.
as far as 747mopar's input, if that is the case and he plans on upgrading in the future, he will upgrade the heads at the same time, so why spend all the money on just a minor port/bowl work job when he can save that money and apply it to a cam today? or an intake? or a carb? When, and if, this guy is wanting to spend the major money down the road, I can guarantee you he will not go with a 452 head because it would be more cost effective and create a helluvalot more HP if he just bought aluminum heads.
So again, do what you want 66fury, but remember.. you are NOT looking for an ideal situation, you are looking for what will get you the best HP per $, and I disagree with the other guys in regards to headwork that will not, IMO, do anything with your low compression motor except frustrate you for lack of power and efficiency.