Well with crack in the valve seat area, once the head is cleaned (I bead blast mine) you can see any cracks there, this is more common with MGBs heads, and you see it on the Cooper S with the big intake valves.
Once you've done magnfluxing yourself, you can understand it's pros and cons, for one as I mentioned , if you never done it, most wouldn't have a clue as to what they are looking at, it takes a trained eye in a magnflux test, there are several thing that could look like crack to the untrained eye, this is where the skill kicks in. It's great test for checking crankshaft journals, but not so much for heads or any item that would have area that you cannot see into. Plain and simple I don't magnaflux my cylinder heads, but I do pressure check them, and to add to this a manganflux test on a given cylinder head in the area that you can see would give less than desireable results unless the head was squeaky clean, degreased and beadblasted, otherwise carbon, paint, grime could hide a crack. Bill as you can see, I not wiggling on this issue, each to thier own, but I'll keep pressure checking my heads, for me just knowing and understanding the two differnet test and what they do, gives me all the direction I need.
I'll say this again, so hopefully it comes across, magnafluxing requires the human eye to see the crack, and you cannot see inside a port or a water jacket. As far as how long has PT been done, heck, it's been around forever, longer than magnafluxing, it not anything new.