One of the problems with running no lead gas in an engine make for premium leaded gas it that the valves beat the crap out of the "soft" valve seats. I can't help but wonder if this isn't the result of something like that. At any rate, My old eys thick they see metal movement inside that chamber. You get that engine tuned right (leaned out enough to give best performance) and get the head temps up high enough and that ridge might cause detonation.
At any rate, If I were working on that head, I'd be doing some cutting on those chambers (so all are the same). I'd be putting in hardened valve seats too. But then again, I'm like Mike Holmes (the builder guy on TV) "Tear it all down and make it right!"
On the other hand, if you can clean up the valve seat and get it to seal, I'm sure it will run just fine for as many miles as you choose to put on it. Lets face it, how many times do you ask 100% power out of your engine on the street? If your still driving, not often.