Updates
Been a few days since my last update.
1) Cleaned up cylinder bores (Shop vac, and oil soaked rags), then rotated engine crank. All cylinders, including #2 have PERFECT looking bores, crosshatched honing pattern is still visible and undisturbed in all eight cylinders. woo-hoo!!

There is a small ridge in all cylinders. Worth worrying about???
2) Found several machine shops in my area that still do valve jobs. One guy had a small shop, worked solo, and was going to dissasemble and measure everything with me there, he was also the cheapist (by $10) of the quotes I got on the phone. Sounded promising, but when I got to his shop was not impressed. Rundown "shack" in an alley, VERY messy, parts and tools laying everywhere. We started to work on the heads, then told me he took cash only, and wanted a sizable deposit before we went further. I had a really sketchy feeling. Told him I'd get back to him, cause I didn't have that kind of dough on me.
Another shop, recommended to me buy a local dealer, seemed solid. Took the heads to the guy, talked with him for a while. Legit storefront, small garage with 3 lifts, and nice, newer vehicles on them, etc. Here's the work being preformed:
-Clean heads
-Disasemble
-Measure springs, measure valve stems, measure valve guides.
-Check for warping/straightness
-Magnaflux for cracks
-Grind valve seats
-Grind valves
If the guides need work, or the heads need to be milled, it will be extra. Same thing with parts. I'm not going to replace springs unless they need to be, since the truck rarely sees above 3,000 rpm. When I do my custom engine build up, no doubt new springs will be put in. Should have the heads back by middle of next week.
3) Placed orders for parts. Getting them from
www.FordPartsNetwork.com ,
www.SummitRacing.com , and
www.50resto.com . Expensive expensive.

I'm doing it with quality Ford, Ford MotorSport, Fel-Pro, and upgraded aftermarket. Don't want to take any chances here.
Parts ordered include:
-FMS Graphite Head gaskets
-Bonded metal/ruber valve cover gaskets
-Ford Exhaust manifold gaskets
-Ford gaskets for TB, EGR, IAC, Intake elbow, etc.
-Fel-Pro GT40 Lower/Upper Intake and thermostat set
-Fuel injector o-rings
-New head bolts
-New exhaust manifold bolts
-New Valve Cover bolts
-New Motorcraft thermostat
-Acell High Power EDIS coil packs
-Taylor Spira pro ignition wires
-Ignition wire/spark plug heat sheild material
-Bosch O2 sensors (for before the cats)
-Lots o' RTV, oil, antifreeze, brake cleaner, gloves, yada yada.
and so much more... $$$$$$$$$$$