Well that is a little different experience than I have had. I have only heard of one valve guide slipping down into the combustion chamber. All I have experienced the guides slipped up into the rocker arm chamber. The guide should not extend more than 1/8" above the head casting in the rocker arm chamber. As said, a cooling problem usually causes valve guides to move but some say ethanol fuel is causing valves to stick resulting in guides moving. I have a fix if that has happened. Also, I can send you a Service Manual IF you like. Address below, put in proper format and remind me engine model number and what you want.
Walt Conner
wconner5 at frontier dot com