I think it depends which year 350F. I had a '74 and mine had valve stem seals on all 8 valve guides. But I have seen some heads where the exhaust guides had no seals. CB750's were the same I believe, maybe the F series, and 69, I can't remember exactly, but early models had no exhaust seals. That could cause some smoke at startup, but nothing like most of us 350F owners experienced. This was no puff of smoke, mine was more like a tire fire in the pipe.
I would say as long as your exhaust guides are the type that can accept seals, use em! No reason not to.
I hope those Honda rings fixes your issue, I'm really curious to hear about that, so please follow up with a report!