Norm and Gadge:
Thanks much for the input and suggestions.
I had enough room to adjust the intake valve lash to spec, so have done that. So I suppose that if I have a bent rocker arm, I should be good to go.
But then I got to thinking about the possibility that the rocker arm is good and that the valve seat has been pushed down by the 0.04". If that's the case, then who knows what will happen when I fire up the machine.
I used a depth mic to measure the stem protrusion from the head for both valves and the measurements were close. But who knows what that means?
A new rocker arm will cost me $US 5.00. So being an overly cautious type, I am going to order a new one and see if the existing one is indeed bent.
If the rocker arm isn't bent, then I am going to go ahead and fire up the machine anyway. I'll have a second rocker arm if needed.
It'll take 4 or 5 days to get a new rocker arm. In the meantime, I would appreciate any additional input. Especially if my thought process is wrong. Like should I dismantle the machine and inspect the valve seat?
Thanks again! Bill