Well, nobody else seems to want to dive in, so guess I will. Stock clearance, using iron guides is .001 to .003" intakes, and .003-.005" exhaust. Again, those are with iron guides. There have been several threads over the years of owners trying to use the stock specs with bronze guides...and they end up with sticky valves. There is a chance they were using the same tight clearance on both the intakes and exhaust, causing the sticking. So...I would say .005" would be minimum for the exhaust with bronze guides. The good thing is this engine is not an interference engine, meaning that if the valves stick, they will not get hit by the pistons. It will just run rough.