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...the engine is a lot cooler by the time I get to the last few valves
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THAT is exactly why I set my valve lash cold, I'm kinda slow at it...
With the Formula Ford (1600 cc push rod, iron) SOME guys like to set their valves right on the edge of too tight. Theory being it opened/closed the valve just a little sooner, just a bit more power. A lot of the guys were on a budget and I would set their valves accurately, but not tight. I leaned toward long life over absolute performance, all around, but that did depend on the owner. Some would take more risk, push the envelope just a little further.
I think it came down to driving skill myself, the cars are all so closely matched anyway.