If it can be turned over with the cylinder covers off, it may be that the stroke is too long, so that tone or both pistons hit the covers, rather than valve events.
Once you are confident of the mechanical integrity, then others who are much more knowledgeable can advise you on the valve events for the H.P cylinder and for the LP cylinder. to prevent any compression between exhausting from HP into the LP.
As a non steam man, I would expect the LP inlet to open at the same time as the HP exhaust, if not a little before. But I could be wrong.
Howard