They look normal to me for an engine of that period (once I'd converted them to Imperial!:laughing:)....Saying that I'd keep the exhaust one down to an upper limit of .004" (0.10mm)...
However, if you are changing the valve guide material (cast iron?) to something like 'Colisbro' or a similar low expansion bronze then you could close things up a bit to a more 'modern' tolerance...Ian