G'Day Mate, your rolling chassis is looking great, well done. As has been previously mentioned, the cam pucks under the cam towers should be replaced, and it's not a huge job. Rotate your cam to the "T" mark for 1&4 cylinders, (looking thru the hole in your points plate) and check that those marks on the end of the cam are horizontal.
Remove your cam chain tensioner to take the slack off the chain, undo the two bolts that hold your cam sprocket onto your cam (don't drop them down the camchain tunnel!) pull the cam sprocket off the cam, remove the chain, undo all your cam tower bearing caps and hold-down bolts, remove the cam and sprocket (attach a piece of wire to your camchain to stop it falling down the hole) lift the cam towers off, and you'll see the old pucks.
Before you replace them, take the opportunity to back off and re-tension your head. Just back the nuts off a few turns, then put a drop of oil on each cylinder stud, then retension them as per the diagram in your manual, using a good quality torque wrench in no more than 5 foot/pound increments to start, then no more than 2 foot/pound increments as you get over 10 foot/pounds, and the four 6mm bolts under the pucks, plus the two 6mm bolts fore and aft of the camchain tunnel. (I think from memory you only tighten the 6mm bolts down to around 6-8 foot pounds, but check your manual first)
I torque the standard cylinder studs to 19 foot/pounds (3 more than the manual recommends) I then leave it overnight, loosen them all off and then retension them again to 19 foot/pounds, and my head gaskets don't leak.
If your engine ran well before you pulled it out, chances are you're wasting your time cleaning valves and lapping them in again, so if it was me, I'd just leave it alone.
Pull your camchain tensioner apart though, the spring loaded rod is prone to seizure, and often just loosening it off will do nothing. Give the shaft a good clean and a light polish and hit it with some engine oil or WD40 to ensure that it will slide back and forth with no hindrance. When you re-install it, do what you did previously and turn it so the slack is at the rear of the engine and install the tensioner and make sure it's taken up the tension, tighten the bolt and the locknut, and you'll be good to go. Cheers, Terry.