If your car was equipped with a catalytic converter and most of the late model 1500 midgets had one, these engines were design to run on unleaded fuel. If your engine has hardened valve seats you may only need to machine the valves and the seats. The only way to make sure of this is to take the head off and examined the area where the outer edge of the valve makes contact with the head for pitting and erosion under your exhaust valves. You will need to inspect all seats very carefully as well inspecting all your valves on the outer edge. You should have at least .040’ of valve material out on the outer edge. If you do replace your valves they will have to be lap in to the newly machined seat. Don’t forget to pay close attention to your valve spring tensions and your rocker shaft and rockers, and don’t forget to check those valve guides clearance too.