Lift the valve 0.250" off the seat, measure side-to-side looseness at that lift. Honda says 0.0032" is the max allowed. Usually if they are more than 0.0060" they will cause exhaust gas blowby into the head, polluting the oil in a few hundred miles of run time. Installing new seals will help reduce that problem for a season or so, but new guides are a better bet.
If the valves get more loose than about 0.005" side-to-side, they close slowly and limit the RPM before the piston hits them for being in the way too long.
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