"Also thinking tight exhaust valves might be a sign that the seats/valves are recessing into the head."
Yes.
"BTW, I found getting the nuts loose for the adjuster to be a real pain. Some were difficult to get a wrench on and rotation was limited. Anyway, I hope your test drive provided good result."
Agree with all of the above. I bought stubby wrenches (from Lowe's, but any stubby should be fine), and haven't had to mess with vice-grips or adjustables again.

Best 15 bucks I think I've ever spent.
Also, Ford spec is, I believe, to adjust every 12k miles. I do mine every 2 oil changes and clean the oil bar (carb cleaner) for sanity's sake.
I set them like I set points on engines with 2 screw points: I.e., I set them just slightly loose, so that tightening the lock nut brings them to spec ( always verify with the feeler gauge, never assume). Personally, I have found trying to hold both wrenches to be damn near impossible, except for when I set them on the bench before reinstalling the head (no intake/carb in the way).
One final note: Chilton's is wrong, they're metric (15mm/19mm). However, they are correct in stating that slightly loose is better than slightly tight. I'll take noise over head-work any day.

OP: By chance did you note the condition of your cam lobes? On a mechanical valve train, they should not be shiney all the way around, there should always be some Parkerization near the base (round) of the lobe. Also, your motor should always sound (lightly) like an old Singer sewing machine.

As always, ymmv, and feel free to correct.
