I have an older Tecumseh "flatty" (L head). As you've discovered, nothing to adjust. Let me relate my experience regarding carbon on the valves and piston.
I replaced the head on my engine last spring. Broke a bolt while torquing down the new head (I won't event go into that, stupid move).
I let it sit for a couple weeks as I was out of town. When I pulled the mower out of the garage to extract the broken head bolt, all the carbon was gone! I have no idea what happened but the valves, cylinder and top of the piston were completely carbon free. I do run SeaFoam as a fuel stabilizer in all my OPE gas.
Got the broken bolt out, torqued the head correctly and it ran great all last season. I didn't lap the valves as they seemed fine.