More good info for which I am very grateful. I am a relative newbie to the delights of classic bike ownership so the collective wisdom on here is WIWIG,but I have to say it is an interesting hobby and there's never a dull moment!
Now I have found out more so here goes:
The head is good, guides are OK. Its a 67-1106 with 70mm dia combustion chambers so not SS but a pre SR, alloy, twin separate inlet head, sold presumably to allow speed demons to fit twin carbs with suitable individual manifolds. (I'm running a single carb because KISS principle.)
All the valves fit the guides within service limits. They all have the same size heads, and the two inlets are marked 67-0967 making them SR exhaust valves so maybe correct? The collets as Radlan alluded appear compatible with the valves at least.
Pushrods all straight, rolling on a surface plate, ends normal polish only. Rockers appear OK and all move freely with no tight spots or play.
The rest however is junk, according to the guys last night fairly typical of a lot of the stuff coming over from the USA. (sorry Richard!) A dog's breakfast of mismatched, modified and I believe home made parts. eg. the lower cap under the suspect valve spring was 1mm thicker than all the others. The top caps all vary in thickness and in fact the RH exhaust top cap that hadn't failed yet... has only 2.3mm thickness of unknown grade ally to hold the plot together above the spring. The one that failed had 3mm. The factory steel parts are distinctly chubby in this area NOT pared away to the minimum. Basically, a hand grenade with the pin half out just waiting to be dropped.
I think if I can get 67-0884, 67-0960, 67-0886 SR spring set. upper and lower valve spring caps respectively I should be able to rebuild the head.
I will lift the barrels now to check the state of the cam and followers and it needs refinishing anyway as the existing paint has bubbled and is cracking off.
I've inspected the LH Ex springs and there is really no evidence of binding, I'd expect bright polished lines of contact, but nothing even under a 10x eye glass so maybe purely fatigue due to wrong part, badly made, excessive preload etc. and all of the above. I am then hopeful that this is it but won't know for sure until I check of course.