If someone else would care to review my calculations… It’s been a while since I examined a valve’s dimensions.
Mid-gear valve travel = 2(Lap + lead), but your design seems to have no lead, which is fine here.
I.e. the valve is only just on the point of opening to admit steam when it starts its return journey.
So Full-gear VT = 2(lap + port opening). I’m guessing this engine will work on a fixed cut-off, as typical for engines used for driving stationary plant in factories and the like. (They used governors to keep the speed constant, where necessary.)
The ports don’t normally open fully to admission, only to exhaust.
Full VT = 4mm, neglecting any slight angularity effect of the eccentric rod.
So for each end, L + P = 2mm, giving the full 1.5mm port opening and a very late cut-off with 0.5mm lap.
I’d suggest more lap, not less. 1 mm lap will give 50% port opening, probably enough for this engine unless you intend giving it some fairly heavy work (by its scale) to do.
I’d be tempted to test it with a dummy valve, perhaps made from transparent acrylic, so you can also ascertain the exhaust events by turning the engine by hand with the valve chest open, but if you make the valve a bit too long you can at least trim it back.
My club used a similar method, with a transparent valve, to prove a drawing error in a locomotive it built: there the laps so precise to drawing, were too long, making proper valve-events impossible.