Are you saying that anything from 0.003" to 0.007" is acceptable?
>> In my experience, exhaust valves are generally looser by at least 0.002" on air cooled engines. This allows the hotter valve to grow more. So that in use, when fully warm, both clearances become nearly the same.
>> IMHO, while it is important to achieve adequate "valve lift at fully open", for the average working engine (NOT racing engine) the clearance is there to allow some lubricating oil to get between the cam and lifter surfaces so that there is an oil film between the 2 parts when the lifter rides up the cam lobe.
Otherwise cam lobe wear would be extremely excessive.
Therefore: 1) Some clearance is always better than NO clearance, and 2) quibbling over 0.001 or 0.002" clearance is like withholding water from a thirsty man to decide if flavored water is better/worse than
Perrier. Sure, Indy car engine mechanics need to get it right, lawn tractor engine mechanics "close is good enough".
I can see where the 0.007" (the looser setting)
might be the setting when the engine leaves the factory. Because the factory knows the valves will be seating themselves during the first 20 hours, and the clearance will be
reduced. Not wanting the camshaft to fail would be the primary concern, and far more important than a little added noise. The exhaust valves can always be adjusted to the tighter measurement at the first tune up.
Just my 2 cents.