Valve reliefs are relatively easy to cut in the motor. The tool is an old valve with a couple peices of tool steel cutters silver soldered onto the face of the valve. We used three evenly spaced to keep it from chattering
For depth protection use a drill bit collar and measure the needed depth, set the set screw, and then set the valve into the head, and spin with a hand drill untill you hit the depth stop.
You will need two cutters, one intake and one exhaust
On a V8 this is an easy operation, but with the heaviness of our heads, may be a bit of a chore- however it is "cheap" and relativley easy to do if your money is tight