Yes, if you swap out the head it will be fine. You can buy a full rebuilt head with updated valve seats for $300. I'll look for that link again.
I know you saw the stories and what not but I can tell you those motors are reliable as hell and is worth the head swap. If you get to it, before it gets to you. I held of and held off and held off ( I had faith) now i'm in the middle of a engine swap.
Do one thing every day that scares you. -Eleanor Roosevelt