it would be nice to have someone with videos on here to show how its done. ive been thinking about making some myself but just do not have the time. like i said in one of your other posts i have seen that engine failure alot and i hope you have checked your other bikes as well. along with what you are doing already check the chain guides for wear and check that the self-tensioner works properly. do you have the tool to disassemble the valves because it is easily made and i can post some pics of mine if you dont have it yet.
as far as the engine: if the valve seats look clean enough (no damage) new valves should work without cutting seats. lapping compound is a plus but i have had them seal just fine. i always check though by pouring gas in combustion chamber and making sure it holds the fuel for a few minutes.
and the new piston might not be necessary unless you find it cracked from hitting valves like the one i talked aboout. i do not know if you have measuring tools but most of the engines i have run across with same problem still have piston to cylinder clearence well within spec. in most situations the rings are just what need replaced.
good luck and keep us posted
Trikes: All Honda: 84 250r, 85 86 and 87 250sx, 84 and 85 125m, 79 82 84 and 85 110's, 73 us 90 and 77 atc90, 75 atc70
Cycles: Honda: 71 cb100, 78 cb750 coming soon cb750 trike. Yamaha: 67 yds 3 (250cc, 2cyl, 2 stroke), 82 750 SECA
Other toys: Chenoweth VW sandrail dune buggy, old race go kart, racing mower, 76 Arctic Cat Pantera 440 snowmobile
KEEP IT ON ALL 3 OR AT LEAST 2 AT A TIME