My downloaded 500-4 manual is missing the engine theory page, so I cannot speak as to the construction of those valves. The 350 twin book that I have says that those valves are faced with stellite; says nothing about seats other than instructions for cutting with hand tools. I haven't tried grinding any Honda m/c valves yet, but stellite is some pretty hard stuff. I would be surprised to find that the seats were something harder than cast iron.
As for the stem seals... if original, they are over 30 years old. All of the rubber pieces that I have removed from these engines have been as hard as rocks. I would not hesitate to replace them.
Happy trails.