If you rely on it daily, and it's been 10+ years since a rebuild, I think I'd just bite the bullet and do it.
But if it only gets light, occasional use, I'd just get the new head gasket in and call it a day. The thing will probably run fine for another 20 years.
If somewhere in between, I think I'd get the valves done - IF you know somebody's who's both good and cheap.
Then I'd put the head back on - and before going too much further - check the compression. If it's good enough, button everything up and be done with it.
all assuming of course there's nothing obvious like a 1/4" gouge from in a cylinder from something like a broken ring - etc.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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