In reference to Pete's and Dan's comments above. I tend to side with Pete, I'd prefer to NOT grind any contact surface in the valve train, including the valve stems and the adjustment shims, hardened or not. However IF you do grind the valve stems, then definitely do as Dan suggests and have them ground on a proper valve refinishing machine designed to do it accurately (square and even to exact tolerance). No offense Andy, but I would not hand file them as it leaves too much open to error. And IF it came down to having to grind something (again, preferably not), then I'd grind the valve stems (to add lash caps) before I'd grind the shims, also for the reasons Dan describes. But I think there is an even better solution to grinding any valve train components (below).
Per the example in this discussion, needing 4.70 - 4.95 shims to accommodate the reduced base circle cam. As Dan points out, a 1.5 lash cap would work for the ones needing the 4.95 shims to bring them into the lower end of the stock shim range. However for the ones needing 4.70 shims it does not work...1.5 caps are too thick, resulting in the need for undersized shims. So the 1.5 mm lash caps are not a good solution here. This is why I said I'd only use lash caps if they are available in a selection of thicknesses, allowing the use of standard unmodified shims. Perhaps lash caps that fit the SOHC are available in more than one thickness? I don't know...anyone?
Alternatively the cam box could be skimmed only enough to put these values back into the stock shim range with the 1.5 caps. With some accurate measurements and a little math you could determine the proper amount to be skimmed off and put you into that sweet-spot range for the shims, with or without lash caps (depending on the need). As I mentioned previously, these calculations would be done after all other machine work has been performed. So for the current example, the cam box could be skimmed .10 mm, use the 1.5 mm caps, then shims in the 3.30 to 3.50 range would be correct.
However I noted a moment ago there is a better solution (in my opinion):
Wouldn't it be even better yet to skim the cam box 1.6 mm, not use lash caps, and use shims in the 3.30 - 3.50 range? I tend to think so, why use lash caps if you don't need to. Adding anything to the system poses the potential for problems. As far as I know, skimming the cam box by 1.6mm would not cause any adverse effects (assuming you make the necessary cam belt adjustments to accommodate it)? By the way, my mention of skimming "1.6 mm" is assuming that was the result of the accurate measurements described. The goal is to skim only enough to put the shim thickness back into the lower end of the standard range. I suppose if it was determined a huge amount needed to be skimmed then going back to adding lash caps and only skimming enough to accommodate them would be preferred (again, in my opinion).