I freed up no.5 exhaust valve and gave it a "rough-as-guts" abrasive-free valve grind with a drill: Initially I set the air pressure to about 10 psi, but with the weight of the drill on the valve, it didn't stay shut. So I upped the air pressure to about 20 psi, which allowed the valve to stay shut with the extra weight of the drill. Then I squeezed the trigger and spun the valve gently. After a few seconds of that work, the valve then stayed firmly shut with the drill weighing the valve down. I could hear the blow-by into the crankcase, but couldn't hear anything out the exhaust. Good sign. More WD-40 on the valve stem, opened and shut the valve a few times, and a minute or so with the drill. I un-chucked the drill, disconnected the hose, and spun the valve with my fingers. It felt smooth to spin on the seat, so I figure the drill did some good.
Meanwhile, the Greystanes Special Tool Company came good with a Lisle valve spring compressor. I gave it a practice-run on Brett's donor cylinder head. The tool needed adjustments to get right, including one gotcha: if you attempt to hold on too far down the valve spring, the compressor's claws bind between the spring coils on assembly of the valve cap and collets. But it's much easier to re-install the spring using the tool: you have two hands to get the collets in place.
I put the rockers back on and checked the valve clearances in the most basic way possible: Can I spin the pushrods when each cylinder's at the firing instant?
And I turned my attention to the ignition system. The marks on the electrodes of the distributor cap suggested that the cap and rotor are misaligned. This seems odd. And then I remembered something about Bosch FJs having different caps and rotors from the later models. As a result-
The Idiots' Guide to Bosch Distributor Rotors
FJ distributor rotors are maybe 3 mm shorter than the later models' rotors.
Red motor Bosch distributor rotors have a similar body to the FE-EJ distributor rotors, but the electrode is much longer. Which leads to this insight: With care, you can shorten a red motor distributor rotor to suit a grey distributor. In emergencies, that is.
I had been running the car for what - six years, nine years, with an FJ distributor rotor. I went through my stash of old ignition parts and found a serviceable FE-EJ distributor rotor.
And then I took the car for a test drive. It's much improved. The idle's way smoother and the motor just feels more tractable. How much of the improvement's ignition-related? Most, maybe. But unsticking no.5 exhaust valve will have done no harm at all.
SA All-Holden Day, here I come (fingers crossed).
Rob