Quote from: GT500KR on Today at 01:03:19 AM
The valve doesn't feel the spring tension any more, it's simply dangling from the valve keepers.
Incorrect. The spring is pushing upward on the retainer. The retainer pushes against the keepers, which are in turn pushing against the groove in the valve stem. (The keepers are also clamped around the valve stem so there is frictional force in addition to the interlocking groove.) The valve stem is thus pushed against the end of the rocker arm.
Actually, your both right ( or wrong...
)
Some engines use several different methods to promote valve rotation, so you may actually be able to feel the valve move side to side when the valve is open. (many fords use 2 piece retainers, some use multi groove retainers that don't actually bite the valve stem (351C come's to mind..))
I'm sure what your feeling is the clearance between the guide and the valve stem. Whether your feeling normal clearance or too much wear is not something that can be answered without seeing it firsthand. If you have any concern, have someone with experience check it out. Any failure in the valve/retainer/keeper/spring system is oftentimes catastrophic and can cost you an engine..
JMHO, John