Don't Lose Your Head

OK, i've been pulling the engine apart and Houston, we have a problem.  You see how the intake valve is nice and flush?  (The one on the right) The exhause valve is supposed to be flush too. (The one on the left) You'll notice it is recessed almost an eighth of an inch.  That's WAY out of limits!  

So, it's time to haul this chunk of metal to the machine shop to see if it can be salvaged.

I've pulled the crankshaft and it seems to be in pretty good shape.  The camshaft is really worn a lot, but I'm replacing it anyway.  More to come.