If the cam you are going to use lifts to .480 with 1.6 rockers, then that means it will lift to .510 with 1.7 rockers. This is a pretty tall lift for stock springs that have been used. I'm sure it will work, and run, but you may have valve float problems at high RPMs and you are setting yourself up to break valves sooner than you would with a stock lift. So, to answer your question, yes it will run, and it will work, but your valve springs will wear out sooner, but considering how long they last normally, i wouldn't worry about it. If you ever change heads, buy springs that are rated for the higher lift.
And yes, the water pump, timing cover, timing gear set, upper and lower intake (unless you use the magnetic lifter tools to hold the lifters up) , valve covers, harmonic balancer, alternator bracket, and A/C bracket all have to come off, as well as the radiator has to be moved if the motor is in the car. You have to be able to slide a two and a half foot long camshaft straight out the front of the engine. Good luck.
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Michael Black
QuantumMotorsports
Norman, OK
1984 LX Hatch
306 w/ TRW forged flat toppers, Comp Cams Magnum 292H, GT40P heads w/ 3 angle valve job, .550 lift springs, Angus Racing Roller Rockers, Weiand Stealth Intake, Holley 4150 650cfm carb, MAC 1 5/8 Long Tubes, Single Chamber Flowmasters, 91' T5 w/ Pro 5.0 shifter, Turbo Coupe 8.8 Rear w/ 3.55 gears, QA1 Motorsports tubular K member, no interior except steering wheel and seat.
Coming soon: 6 or 8 point cage, Fuel Cell, Weld Draglites
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