Also how involved is the valve adjustment on this engine? Am I biting off more than I can chew?
Nope, you got to slightly grind down the valve... little at a time, again, that is only IF the clearance is out of the specified range.
you have to remove the valve cover, which is a little plate on the top of the engine, on each side, i would purchase a flat head engine valve spring removal/installer tool, (tons easier), remove the cylinder head(s) which is simple. slowly grind the valve small end, a little, and when i say little, a little at a time. you can take material off, but you can't put it back on. check, clearance, grind some more, check clearance, grind, check, grind check until it's good.
install a new valve cover gasket, as well as head gasket.
If the valve clearance checks out GOOD, i would get a volt meter and start checking voltages. it is possible to get a voltage drop in the Main + wire due to corrosion in the wire or bad ground connections. Or even a bad starter.