'Octane' refers to the fuel's ability to resist 'knock' or 'ping'. If it doesn't knock or ping on regular, then it's a waste of money to run premium. But it won't hurt to run higher octane than required.
There's been lots of debate on the need for "lead substitute". While the problem is real, it appears to affect only a small percentage of engines. There are also those who believe that Triumph was using induction-hardened seats by 1974. Plus independent tests seem to show that many of the additives on the market don't actually do anything to protect the valve seats.
My advice is to save the money you would have spent on additive and, if you do develop a problem with major valve seat recession, use that money to cover the cost of installing hardened seats.
Ironically, in perhaps 200,000 miles of Triumph driving, the only time I had valve seat recession was on a head that did have the hardened seats and valves installed. Not sure why, might have had something to do with the racing valve springs, or the excessively high compression ratio; but when I went back to a stock head (with stock seats), the problem disappeared.