Often times hardened exhasst valve seats were recommend for receeding exhaust valves, while this can happen from years fo running hotter burning unleaded fuel that these heads were never designed to run, the more common problem is poor valve seal. We first discovered this on a race engine, it's pretty common for us to do a leak down test after every race weekend, on fresh prepared race head, running on leaded race gas we started to notice that #2 and # cylinder leak downs were terrible after one weekend, reading as much 25% leakage, after they had been checked at 1-2% leakage before the weekend. At first I thought, well I just lap or cut the valves again, well guess what it happen again after the next race weekend. What was happening is the metal in the exahsut seat area of the head was pitting in the 45 degree seat area, and would do this only after a few hours of operation and valve seal would go out the door. I rebuild alot of MG heads and I often see the pitting on the exhaust valve seat in this area, and I always replace the the exhaust seats with hardened seats. So what we found out thru leak down testing on both street and race heads, is once the metal is compromised by using unleaded fuels, the only fix for extended valve seal is hardened seats. It's not terribly expensive to put exhaust seats in one of these heads, and new vlave, guides and valve spring are pretty cheap for these heads as well, so in short I'd fix it right or do nothing because a vlave job without hardened seats seat IMHO is futile effort.