I have never come across oversized valve stems. Certainly not a common method of dealing with valve guide wear. Guides are cheaper to replace than valves, so why would you? And the guides wear much quicker than the valves.
I have used ordinary straight flute adjustable reamers on valve guides all my life. Never really a problem. Usually these days you are only taking out a thou or two where the guide has shrunk a tiny bit under press fit, or the end has deformed slightly from using a hammer and drift to fit guides cold into a cast iron head.
It's a matter of fine adjustment of the reamer to take small cuts to get to size. You can measure the setting of the blades with a mike as you go and take it in small increments. The first third of the blade is tapered so you set the reamer so the tapered part sits inside the valve guide and cuts just on the last bit of the taper as it blends to the straight section.
And if a new reamer grabs on bronze guides, you can make it less grabby by running a small abrasive rubbing stone down the cutting edge to dull it off a bit.
Those spiral adjustable reamers were a bit of a motor mechanics tool and seem to be a thing of the past. You might find them for sale out of the USA though. They seemed to like them a lot in the day. Plus you can get straight or spiral flute fixed reamers that are the couple thou oversize required. Usually a special tool that costs a lot more though.
And an adjustable spiral reamer is going to be no less "hit and miss" than an adjustable straight reamer. It all comes down to how you adjust it.
Edited By Hopper on 19/05/2021 23:24:53
Edited By Hopper on 19/05/2021 23:27:41