By the looks of it, the "cages" are in fact the valve seats. They should be locked so that they cannot unscrew, otherwise things could get terminal. (Make sure that the locking cannot find its way into the cylinder, or the cure will be as bad as the disease!)
Ideally, there should be a very slight (1 degree) difference between valve and seat angle, so that the valve makes a line contact with the seat at the outer diameter of the valve. In this way, there should be no hot gas between the valve and seat when the valve is seated. A seat slightly wider than a line should be acceptable, since it increases the area to conduct heat from the valve head into the seat and the parent metal of the head, to keep it as cool as possible.
It is important, as already said, that the valve guide bore and the seat are concentric. Otherwise there will not be a good seal between valve and seat, unless a huge amount of lapping in is done, and possibly not even then.
The bore of the guide needs to such that the valve stem is a close fit (not so tight that galling occurs), but to prevent the valve and the seat being worn to a radius form.
The rocker pad needs to of such a radius that minimal side thrust on the valve stem is produced (Which is why O H C engines use bucket tappets to take the thrust from the cam lobe into the head, and not to the valve stem.
Howard