I don't know what your working on but...
yes, oil can get by(or down) your valve stem
on my 750 head(sorry I don't know what year the head is) I only have stem seal on the intake side.
so... when my bike sits a week or so on the side stand, I get a light oil smoke on start up on the left side...is your leak on the left?
personally, I don't worry about mine becauce I just rebuilt the head(it's not hurting nothing)
back to yours...how many miles or time is on your head?
to replace seals, ya gotta remove the head