Any of these engine can be made better, bigger intake valves in the cylinder head is no big deal, this can easily be done to any of the MGB head, i do it often, in fact, i hardly ever build a cylinder head with the 1.56" intake valves, almost always opting for the 1,625" intake, or 1.70". The connecting rods will be the 18V press fit rods, they are thelightest of all the MGB rods, and I quite often convert earlier 5 main enginje to this connecting rods, over the 1000 gram angled rods. The crank if form 1 76, could be the flat sdie steel crank, but could also be the cast cranks, really doesn';t matter either one are fine for street, street performance use. it probably has a single row timoing chain set up, but in rebuild it can repalce with th duplex set up. Tye ehad will probably be a CAM1106, this is the most prone MGB to cracking, they get the normal exterioir sprk plg side crack, but the also are know to crack in the exhaust seat area, if it is crack free, then it as good as nay of the other MGB head, as for rebuilding.
WhenI built the 1900cc engine for my 67 GT street car, I used a combination of MGB engine parts to come up with the engine, because the car was a 67, I wanted it to look the part from the outside, so I stayed with the 18GB block, and pre smog 12G1326 cylinder haed, so it looked the way a 1967 engine would have looked, but the origianality soon ended there. It got a flatside steel crank from the middle year cars, 18V rods from the later year cars, later style valve cotter and retainers allowing me to take advantage of bigger intake valves. So when people ask , which year was the best MGB, as for as the engine, I tell them , "well it's a little of all of them, and none of any one of them"
I read alot of stuff on the forums, that make me go hmmmmmm. One being, "I scored a big valve head", when any MGB head can be a big valve head. The next one is people often think new replacment parts are inferior to what the facotry used, but in almost all cases afermarket parts are not just better, they are ALOT BETTER, examples are gaskets, especially head gaskets, pistons and rings, cams, lifters, fasteners, valves , valve springs, valve guides, valve seals, rear seals, the list goes on and on. Even if you were just rebuilding a MGB to exact stock, which there is no good reason to do that, because performance enhancments can be had without spedning one more dollar, especaily if you need to replace the cam, pistons and resurface the head, right there you can gain 20% and never spend a extra dollar,and use better parts than the factory ever did. For the most part MGB engine parts are dirt cheap, the only exception if you want good qauilty is the cam and lifter, this is good place to spend a little extra, there si alot of junk cams and lifter for seal, one must be aware of this, it could easily cost you a early failure.