Sounds good..
The valve to piston clearance can change a little as the cam chain wears (retards camshaft) Retarding a cam usually increases piston to exhaust valve clearance while reducing the intakes PTV clearance.
And advancing a cam after initial clearance checks usually reduces the exhaust valve’s PTV clearance, while increasing the intake valve’s PTV clearance. Just the opposite as retarding it.. so your checking is done unless you plan on advancing your cam from its current setting..
Squish/quench clearance is the piston to cylinder head clearance. It shows in one of your pictures.
Squish/quench, squish can impart turbulence into the combustion chamber to aid more complete combustion...mentally picture a piston and cylinder head like the old small block Chevy. Where 1/3 of the cylinder head combustion chamber is flat. And the piston to cylinder head clearance (same as squish/quench) is established by the top of the piston at TDC and the cylinder head’s gasket thickness.Let’s say the SBC’s squish/quench clearance is perfect at a debatable.0.035- 0.038”. Now the piston comes screaming up to TDC with a 4 inch bore. As the piston reaches TDC all fuel and air mixture below this 0.035 squish area is squeezed out very quickly into the 2/3 size combustion chamber, except the “end gases” still trapped in the 0.035 clearance.
The quench part can be more of a debate, but generally it can quench (prevent) the detonation of the end gasses from the ever increasing pressure and radiated heat of the fast approaching flame front burning from the spark plug’s point of origin toward the cylinder/head gasket area of the chamber. The end gases trapped in this 0.035 squish/quench area are in very close proximity to the piston and cylinder head. Both of which are considerably cooler than the approaching flame front (heat of combustion). Effectively preventing the trapped “end gases” temperatures to rise quick enough to auto-ignite (detonate)
As the piston moves away from top dead center these trapped “end gases” may still be more completely burnt. It’s all debatable but a small squish/quench clearance can make the engine more tolerable to lower octane fuel,with out detonation and aid in higher combustion efficiency(more power).
For example an old 4 inch small block Chevy had all the flat top pistons 0.020 down in the cylinder at TDC.
Chevrolet sent them new out the door with a 0.018 mild steel shim head gasket and barely 0.001 rod bearing clearance with a forged steel rod and a cast iron block. Both of which doesn’t expand as much as their aluminum counterparts.
After the steel shim head gasket rusted away from lack of antifreeze and coolant conditioner, most shops replaced them with the felpro blue non retorquing 0.040 thickness good for bores up to 4.125 +0.060 oberbore. Instead of using the new 4.00inch bore 0.016 or 0.018 stainless steel offerings from Chevrolet. Both of which would require retorquing. On a test drive or owner complaint of pinging even though the compression was lower. the shops would reduce the initial timing from 12* to 6* btdc. Pinging gone, owner’s new complaint doesnt run as good…