wanna head job

[foxxinabox at wideopenwest.com (Foxx (in a box))]

   my '85 has timing issues and exhaust leaks. the first can be easily 
adjusted, but the latter has broken studs. i have an extra head laying 
around but it needs repair (bad spark plug hole & one broken stud). i am 
thinking of having it rebuilt.
   at this point, money IS an object. i would love a p&p, but that ain't 
happening. i was considering just having the hole and stud fixed, but 
i'm not sure that reseating the valves and shims would be such a bad 
idea. this is, of course, on a solid lifter head. should i go hydraulic 
and, if so, what are the advantages to a hydraulic head?
   also, while the head is off, should i do anything to the block? the 
car doesn't burn oil or mix and still pulls strong, even with bad 
timing. i'll be throwing a ported intake w/ larger t-body at it and the 
4-2 manifold also.
   as this will be my first experience with this and things being what 
they are, i'm not looking to rebuild the whole thing. i have a local 
carquest with a number of people have referred to me but would be 
interested in know other peoples' experiences. thanx.

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